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International Business Times UK
International Business Times UK
Business
Trisha Kae Andrada

Crypto Crash: Bitcoin and Ethereum Plunge After Donald Trump Slaps Full Tariffs on China Imports

Donald Trump China Bitcoin Ethereum Crypto United States
Crypto (Credit: Pinterest)

Bitcoin and Ethereum, the two major cryptocurrencies, crashed after United States President Donald Trump announced a 100% tariff on 'any and all critical software' import goods from China. The continuing trade tensions between the two countries were significantly heightened by this move.

According to Reuters, Bitcoin had dropped 8.4% to £78,000 ($104,782) as of 21:20 GMT. Ethereum also had a 5.8% decline, settling at £2,700 ($3,637).

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