Bitcoin plunges amid Trump’s tariffs
On Monday, cryptocurrencies began to decline in value: Bitcoin dropped to a three-week low, while Ether reached its lowest level since early September, according to a Kazinform News Agency correspondent.

On Monday morning in Asia, Bitcoin fell to $94,476.18, hitting a three-week low of approximately $91,441.89. Ether dropped by about 24%, returning to early September levels.
Earlier, U.S. President Donald Trump signed an order imposing tariffs on goods from Mexico, Canada, and China. In response, Canada and Mexico—two of the United States’ largest trading partners—are introducing retaliatory tariffs.
Cryptocurrency remains sensitive to overall market trends. Investors fear that tariffs could slow economic growth and reduce corporate earnings.
Additionally, some investors are disappointed by the lack of swift measures to stimulate cryptocurrency or ease regulations since Trump took office.
On January 20, Inauguration Day, Bitcoin hit a record high of $107,071.86. Since the election in early November, it had risen by 40% due to expectations of favorable conditions for cryptocurrency under the new administration.
During his election campaign, Donald Trump expressed support for digital assets, promising to make the U.S. the “cryptocurrency capital of the planet.”
Earlier, the Kazinform News Agency reported that Bitcoin, the leading cryptocurrency, had surpassed the $100,000 mark in December, marking a historic milestone.