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Crypto Markets down after Trump threatens to start producing cooking oil in US
The crypto market turned red on Oct. 14 after U.S. President Donald Trump threatened to halt cooking oil imports from China, calling Beijing’s trade behavior toward American soybean farmers an “Economically Hostile Act.” Within an hour of Trump's post, Bitcoin (BTC) dropped by 2.4% to around $112,861, while Ether (ETH) fell 3.3% to $4,108. Solana (SOL) was down 3.7%, trading at $199.81 and XRP was at $2.48 after dropping by 5.7%. The total crypto market capitalization declined by roughly 2.9% and stood at $3.93 trillion, as per Kraken. As per Coinglass data, everything turned red within an hour of the post ... (full story)
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