The price of major cryptocurrencies fell sharply on Friday, with Ethereum plunging more than 8% after United States President Donald Trump threatened to impose "massive" tariffs on China, seemingly triggering a fresh wave of uncertainty about a new round of escalation of global trade tensions.
Trump's announcement affected US equities, which also recorded losses, while the price of gold increased 1%.
At 4:06 pm ET, Ethereum dropped 8.16% to go for $4,014.08, and Bitcoin decreased 3.98% at the same time, exchanging for $116,878.652.
https://breakingthenews.net/Article/Cryptos-plummet-Ethereum-sinks-over-8-on-tariff-scare/64963151
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