Bitcoin miners are adjusting their strategies due to the ongoing trade war between the US and Canada, which is creating uncertainty in energy prices and policies. President Trump’s potential tariff increases have prompted Ontario’s government to rethink its plans for higher power export costs. While Canadian mining firm Bitfarms feels secure with its hydroelectric energy ...
The European Union’s recent announcement to impose retaliatory tariffs on $28 billion worth of U.S. goods starting in April has sparked concerns about increased Market volatility, particularly for Bitcoin. Analysts predict that this economic tension could cause Bitcoin prices to drop below the critical $75,000 support level. This tariff move responds to U.S. tariffs on ...
Mark Carney, a relatively new face in politics and a former finance expert, has been elected as the leader of Canada’s Liberal Party, succeeding Prime Minister Justin Trudeau. Carney’s unique background includes a significant career in finance and experience navigating global crises, making him well-equipped to lead Canada amid tensions with the U.S. and challenges ...
Bitcoin is facing potential risks as it dips below crucial support levels, specifically the $75,000 mark, amid rising fears of a trade war between the U.S. and China. In the last 24 hours, Bitcoin’s value dropped more than 6.5%, reaching lows not seen since November 2024. Analysts believe this decline is linked to Market instability ...
Recently, Bitcoin prices dropped to around $91,500 as US President Donald Trump announced new tariffs, raising concerns about a global trade war. Although Bitcoin recovered quickly, it faced resistance at the $102,000 level, sparking questions about the future of its bull run. Crypto analyst Burak Kesmeci noted that Bitcoin’s Advanced NVT indicator suggests a possible ...
Cryptocurrency markets are facing a significant downturn after President Donald Trump announced new tariffs on key U.S. trading partners, raising concerns about economic instability. Bitcoin fell to a three-week low of $91,441, while Ethereum dropped to its lowest level since September. The tariffs, which include a 25% charge on imports from Canada and Mexico and ...
Major cryptocurrencies experienced significant declines as the trading week began in Asia. Bitcoin (BTC) dropped by 8%, trading above $93,100. Ether (ETH) fell nearly 20% to around $2,500, while Solana’s SOL decreased by 13% to $184. XRP saw a dramatic 28% plunge, now valued at $2. The CoinDesk 20 index, covering the largest digital assets, ...
