After the tariff war ignited by the United States, tensions over trade disputes have intensified globally, causing the price of the leading cryptocurrency Bitcoin to plummet below $100,000.
According to CoinMarketCap, a global cryptocurrency market tracking site, as of 7:40 a.m. on the 3rd, Bitcoin was trading at $97,447 each. This reflects a decrease of 3.33% from the previous day and 6.89% from a week earlier. It has been on a downward trend for three consecutive days since reaching $105,000 on the 31st of last month.
Around the same time, the price of Ethereum dropped to $2,873, down 8.74% from the previous day and 13.1% from a week ago. Ripple fell 11.35% in a single day, Solana declined by 7.35%, and Binance Coin (BNB) dropped by 6.31%.
The decline in cryptocurrencies has followed after U.S. President Donald Trump announced on the 31st of last month (local time) that tariffs on Canada, Mexico, and China would be implemented as scheduled. Some speculate that the so-called 'tariff war' could exacerbate inflation and make it difficult for the Federal Reserve to lower interest rates. This analysis indicates that it has been reflected in the market.
Robert Kiyosaki, author of the bestselling financial investment book 'Rich Dad Poor Dad,' noted through social media that 'Trump tariffs are starting' and warned that 'gold, silver, and Bitcoin could crash.'