The price of Zcash (rabbit), a supply coin, an armored, a layer 1 formed dedicated to the user privacy, fully recovered after the fall on Friday, which made a new recent maximum of around $ 291 on Saturday before withdrawing at about $ 273 at the time of this writing.
Zcash fell 45% on Friday, fell from $ 273 to $ 150, after being post on the social media of the President Donald Trump, who announced 100% of Cinema Tariff, who sent the market to the market.
The rabbit is only about 5.5% compared to the recent maximum, which makes it a extract in this fall on the market. Many cryptocurrencies are still lowered from their recent highlights, including ether (ETH), which has been reduced by about 22% from the recent and all time of the maximum of $ 4,957.
Before the fall of the market, the rabbit went to a meteoric price rally, on Saturday increased from $ 74 to $ 291 – which is a price increase of nearly 4x in less than two weeks.
The cryptocurrency market has undergone the most difficult event of liquidation in its history on Friday after Trump’s tariff announcement, which has caused $ 20 billion within a few hours of his place on social networks, leaving many traders disappointed with markets.
Related: Bitcoin can be ‘pulled around’ in the middle of Trump’s tariff: exec
US President Donald Trump Demands Markets with only two posts on social media
Trump crashed markets with only two social media posts on Friday, signaling that the global trade war is returning.
In his first publishHe said that the export controls of Chinese government on the rare minerals of the country were exported, key to technological production and industrial equipment used in the process of sharing minerals, “very hostile” and that it would “clog” global trade.
Over 90% of the world’s rare countries and rare terrestrial magnets used in electric batteries, computer chips, consumer electronics and military defense systems come from China, they state Reuters.
“I had to meet President Xi in two weeks, in Apec, in South Korea, but now there is no reason to do so,” Trump wrote, distorting the fears from the re -presentation of the extended trade war. The same fears wiped the trillion dollars from the capital market in April.
Trump followed after hours later announcement An additional 100% tariff on all goods from China, which should take effect on November 1, 2025 or earlier.
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