Bitcoin $95,293.4After China’s decision to apply additional taxes to some products imported from the United States, fell below the $ 100,000 threshold. The Chinese Ministry of Finance announced that it will bring 10 percent additional tax to coal and liquefied natural gas, crude petroleum, agricultural machinery and some vehicles. The decision came after the US’s additional customs duties on Chinese goods. The crypto money market is following a wavy course with increasing trade war concerns.
Additional tax decision from China to the USA
China Ministry of FinanceAs of February 10 on the United States imported products announced that additional tax will be applied. The decision was announced on the grounds that the rules of the World Trade Organization were violated. On the same day China Ministry of Commerce Tungsten said that it will bring strict control to the export of products containing products, bismut, molybdenum and indium.
Experts emphasize that these developments can affect the global supply chain and commodity prices. Especially in technology and energy sectors, the risk of bottleneck is increasing. Crypto Money Market Since it is considered as risky asset class, it is affected by the increasing voltage rapidly.
Crypto currency market wavy cruise
Bitcoin, on Monday to 92 thousand 800 dollars after the level of $ 100,000. However, with the statement of China, it fell back to $ 98 thousand 400. Market, USA And Mexican Although it shows a short -term recovery by postponing the tax debates between China-US voltage Increased pressure.
Presto Research Analyst Min jungHe said that crypto currencies can give similar reactions to stocks due to the perception of risky assets. Jung, “the first decline may be excessive reaction, but the voltage continues volatility continues,” Jung commented. Liquifi Sales Director Justin D’Anethan He warned that sales can deepen if trade wars splashed to Europe.
Director of LVRG Research Nick RuckWarned that the crypto currency market may cause harsh losses if the US could not compromise with China. Analysts emphasize that technical levels and macro developments should be followed carefully in the coming weeks.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
