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Crypto Markets Shed $150B as Trump’s Trade War Hits China, Canada, Mexico (Weekend Watch)

Bitcoin and most altcoins have turned red in the past 12 hours or so, with BTC dumping below the coveted $100,000 line and many alts posting substantial losses.

Bitcoin’s business week started with a nosedive that pushed it from $105,000 to under $98,000 in hours, but the asset bounced off and erased all losses in the next few days. The weekly peak came on Thursday, after the US Fed left the interest rates unchanged, as bitcoin jumped to over $106,500.

However, it failed to maintain its run and was rejected on Friday, which resulted in a price dip to $101,500. The landscape worsened in the past 12 hours or so as the bears propelled another leg down that drove the cryptocurrency to well below $100,000. In fact, its intraday low came at $99,000 (on Bitstamp), which is being retested now as well.

Crypto Markets Shed $150B as Trump’s Trade War Hits China, Canada, Mexico (Weekend Watch)

Bitcoin and most altcoins have turned red in the past 12 hours or so, with BTC dumping below the coveted $100,000 line and many alts posting substantial losses.

Bitcoin’s business week started with a nosedive that pushed it from $105,000 to under $98,000 in hours, but the asset bounced off and erased all losses in the next few days. The weekly peak came on Thursday, after the US Fed left the interest rates unchanged, as bitcoin jumped to over $106,500.

However, it failed to maintain its run and was rejected on Friday, which resulted in a price dip to $101,500. The landscape worsened in the past 12 hours or so as the bears propelled another leg down that drove the cryptocurrency to well below $100,000. In fact, its intraday low came at $99,000 (on Bitstamp), which is being retested now as well.
https://cryptopotato.com/crypto-markets-shed-150b-as-trumps-trade-war-hits-china-canada-mexico-weekend-watch/