It is deja vu again in crypto after a hopeful report of a customs delay was rejected by the White House.
To review, President Trump promised on Thursday to introduce 25% duty on Mexico and Canada, which began on Saturday, February 1st. After gathering over $ 106,000 before this news, Bitcoin (BTC) quickly turned 2% lower to about $ 104,000 levels. US shares gave up some of past winnings, though they were still finished with the session in the green.
On Friday, a report from Reuters suggested that the tariffs would be delayed until March 1, when a process was introduced to allow countries to seek exceptions for certain exports.
However, the White House called this report “false” with Trump’s press secretary Karoline Leavitt minutes ago to tell journalists that the tariffs – including a 10% tax on China – will come into force tomorrow.
Like Thursday, Bitcoin had previously climbed over $ 106,000 and seemed to be put on a challenge of a new record over $ 109,000. However, the tariffs again sent prices that were lower, with the Bitcoin trade just under $ 103,000 at the time of the press, down 2.3% over the last 24 hours.
The wider Coindesk 20 index was 1.3% in the same timeframe, which exceeds mostly due to Ether’s (ETH) 1.2% advance.
A control of traditional markets finds US stocks still modestly higher, but good from their best levels of the session.
