Bitcoin Dumps Below $80K as Trade War Tensions Escalate

Description

Crypto market capitalization has lost 18% over the past week, falling to its lowest level since the end of October at $2.75 trillion on Friday. Support lines have been broken, and all gains since the US presidential election in November have been wiped out as a whopping $600 billion has exited the space over the past week. The massive selloff has been a knee-jerk reaction to US President Trump’s trade tariffs. This week, he warned that 25% tariffs on Mexican and Canadian goods would take effect ...