Crypto prices today: Bitcoin drops below $81,000 on trade tensions; Ethereum slips 4%
Cryptocurrency prices declined on Friday as global markets reacted to renewed trade tensions between the US and China. While US President Donald Trump temporarily suspended some tariffs, the move was overshadowed by a steep 145% tariff imposed on Chinese imports, prompting swift retaliation from Beijing.
The escalation spooked investors, pushing them toward safe-haven assets. The Swiss franc climbed to a decade high against the dollar, while gold touched a fresh peak.
As of 11:58 AM IST, Bitcoin was trading at $80,955, down 1.5% over the past 24 hours. Ethereum slid 3.8% to $1,552. The global cryptocurrency market capitalization fell 1.09% to $2.58 trillion.
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