The cryptocurrency market reacted negatively to the introduction of US tariffs on goods from Mexico, Canada and China.
Leading currencies lost 7-22% in price during Monday trading, and since last Friday the decline was 13-43%. News about Mexico and Canada’s attempts to resolve the situation with the US calmed investors a little, but other factors are not in favor of the cryptocurrency market, so analysts do not rule out a decrease in the value of bitcoin to $88-90 thousand.
According to CoinMarketCap, on Monday, February 3, in the first half of the day, the value of bitcoin fell to $91.24 thousand, 6.6% below the closing value on Sunday and the minimum since mid-January. The value of ether (ETH) fell even more, by 25%, reaching $2.16 thousand, the minimum since the beginning of February 2024. Other popular cryptocurrencies, Solana, Dogecoin, and XRP, also fell by 10–22%. Moreover, the bearish game began on Friday, and over these days, Bitcoin quotes fell by 13%, while altcoins fell by 26–43%.
