16.10.2025 06:21
New pronouncements from United States President Donald Trump concerning the protracted trade conflict with China have precipitated a wave of selling pressure across the cryptocurrency landscape, mirroring trends observed in broader global financial markets.
President Trump articulated his perspective on tariffs, asserting they represent "the primary defense tool of national security," and emphatically declared, "If we don’t have tariffs, we don’t have national security."
Beyond the immediate economic arena, the President also highlighted an active trade war with China. Furthermore, he revealed that India has committed to ceasing its purchases of Russian oil once the conflict concludes.
In separate diplomatic observations, Trump noted that profound animosity between the Ukrainian and Russian leadership was impeding peace efforts. He indicated that Washington was actively deliberating potential strategies in response to a conceivable new offensive by Ukraine.
Further underscoring his engagement with the tariff issue, the President stated his intention to scrutinize the legal proceedings, remarking, "I will go to the Supreme Court to monitor the tariff case."
In the wake of these multifaceted declarations, investors exhibited a discernible shift away from assets perceived as high-risk, leading to a temporary depreciation in the value of cryptocurrencies.
Specifically, Bitcoin experienced a decline of 1.47% over a 24-hour period, trading at $111,000. Ethereum, meanwhile, saw a more substantial drop of 3.5%, settling at $3,978. Other altcoins, including BNB and Solana, also registered downturns of 4.4% and 2.5%, respectively.
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