Bitcoin’s
Very modest weekend -Rally turned modest Monday when President Trump’s customs policy took the center again.
The largest cryptocurrency slid to less than $ 108,000 during the US afternoon, dropped 0.8% over the last 24 hours. Changing hands of about $ 107,700, BTC has been running for the entire move to $ 109,700 on Sunday.
Ethereums ether ETH was 0.6% lower while less cryptos including Solana’s sun SunDogecoin DOGESuis Sui Sui dropped 1%-2%. XRP XRP surpassed by more than one 2% gain.
Damping of investor mood was President Trump, who ran up tariffs, even while delaying his self -imposed deadline on July 9 until August 1st.
In letters from the White House to counterparts in Japan and South Korea, Trump put 25% duty on products from these two countries that started on August 1st. Trump shared several letters about truth in truth and revealed a 25% taxes against Kazakhstan and Malaysia, 30% against South Africa and 40% for Myanmar and Laos.
In a Monday Social Post, Trump also threatened additional tariffs for countries that complied with BRICS policies, a loose intergovernmental group of countries, including Brazil, India, China and Russia.
At a press conference, the White House press secretary Karoline Leavitt said the government will send letters to several countries about tariffs or announce trade agreements in the coming days.
The NASDAQ and S&P 500 indexes were lower by approx. 1% Monday, while the 10-year-old US state-bond yield also went higher and approached 4.4%.
Update (July 7, 18:43 UTC): Adds customs against Kazakhstan, Malaysia, Laos, Myanmar and South Africa.
