The recent downturn in cryptocurrency prices, including Bitcoin and Ethereum, raises many questions. Let's explore the main causes behind this phenomenon.
Reasons Behind Cryptocurrency Decline
Recently, altcoins that had not risen significantly started to decline again alongside the drop in Bitcoin (BTC), which fell just below $103,300. This decline caused Ethereum (ETH) prices to suddenly plummet to $3,300.
Impact of Trump's Decisions on the Economy
It is reported that some of the White House's decisions regarding additional tariffs are expected to take effect in February. These changes could have short-term effects on inflation and the U.S. economy, leading to a decrease in the stock markets and Bitcoin searching for new lows.
The White House's Stance
White House Press Secretary Leavitt reiterated that the final tariffs for Canada and Mexico are set for February 1. Contrary to Reuters' reports, the current information on tariffs is incorrect.
The White House's tariff decisions are significantly impacting cryptocurrency markets, which concerns investors and calls for further monitoring of economic changes.
