Prices of Bitcoin, Ethereum and most other cryptocurrencies crashed after United States President Donald Trump on October 10 said that he is raising US tariffs 100 per cent on “any and all critical software” imports from China.
The decision came after China announced export limits on rare earth minerals, which are critical for manufacturing, especially tech, as per a Reuters report.
At 6.10 am, at time of writing, Bitcoin was down 7.60 per cent to $1,12,592.31 and Ethereum dropped 12.24 per cenr to $3845.92 , according to data on CoinMarketCap.
(This is a breaking story, more updates coming…)
