Cryptocurrency assets were hit by a downturn, as investors decided to avoid risks associated with the tariffs introduced by President Donald Trump on goods from Canada, Mexico, and China. The president had long threatened to impose these duties... One of the most notable cryptocurrencies, bitcoin, fell below the 40,000 dollar mark. Ethereum and Ripple also took significant hits. Investors are worried that the tariffs could lead to economic losses and increase volatility in the market. Analysts believe that cryptocurrencies have been negatively correlated with traditional markets so far and suggest them as a "safe haven" in the case of financial crises. Recent events indicate that they could also be influenced by geopolitical factors. "The cryptocurrency markets are still young and influenced by external factors, such as tariffs, which can significantly affect their value", noted one of the analysts.
