The prices of cryptocurrencies soared on Friday after China raised its retaliatory tariffs on goods from the United States to 125% in response to US President Donald Trump's higher trade duties, which caused concerns about the trade war's impact on the global economy. Investors also digested today's report that a New York lawmaker proposed a bill to allow state agencies to accept cryptocurrencies, including Bitcoin, as a form of payment.
Bitcoin jumped by 5.79% to sell for $84,144.401 at 2:06 pm ET. Meanwhile, Ethereum rose by 3.61% and sold for $1,576.5540 at 2:07 pm ET.
