Money and business

American fees application causes the price of encrypted currencies to decline

The prices of cryptocurrencies have declined strongly before the US President’s decision imposed on his country’s imports from Canada and China today, while the application of fees on Mexico was postponed for a month.
The price of the most famous and broader Bitcoin currency in the world fell to less than 100 thousand dollars, after Trump announced on Saturday imposing fees on the products of the three countries.
Ethereum Dujakins and other famous cryptocurrencies have also decreased by about 10% since Trump announced the imposition of fees. The coin, which was launched by President Trump himself before he took office last month.

The size of the gap in the decline

“But the surprise is the size of the gap in the decline” between these currencies.
On Monday, the heavy sale of encrypted currencies was part of the reasons for the global decline in the financial markets before the entry of customs duties imposed by Trump.

Trump warned the Americans that they might feel some pain of customs duties, which he said would deserve the price to make America great again.
On Sunday night, he said that the fees on imports will definitely impose the European Union and perhaps on Britain as well.

$ 19 per currency

President Trump’s MIM currency was traded today by about $ 19 per unit, which is 75% less than its highest level, which it recorded after its launch prior to Trump’s inauguration.
As for the new Mim Mim, the wife of the American president, has declined by more than 90% of its highest level, to be traded at about 1.50 dollars per unit.

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