BTC slides below $ 108k as US tariffs increase


Bitcoin

The very modest weekend rally was modestly invested on Monday when President Trump’s tariff policies returned to take the center of the stage.

The largest cryptocurrency fell below $ 108,000 during the afternoon of the United States, 0.8% less in the last 24 hours. Changing the hands in around $ 107,700, BTC has traveled to the entire transfer to $ 109,700 on Sunday.

Ethereum’s Ether Eth It was 0.6% lower, while smaller crypts include the sun of Solana SUNDogecoin DOGESui sui Sui decreased 1%-2%. XRP XRP surpassed with more than 2% gain.

The cushioning of the feeling of investors was President Trump increasing rates even while delaying his deadline for commercial agreement self -imposed on August 1.

In White House letters to counterparts in Japan and South Korea, Trump established 25% tariffs in the products of these two countries as of August 1. Trump shared more letters on social truth, revealing 25% of encumbrances against Kazakhstan and Malaysia, 30% against South Africa and 40% for Myanmar and Laos.

In a social position on Monday, Trump also threatened additional tariffs in countries that are aligned with the policies of the BRICs, an intergovernmental group loose from countries, including Brazil, India, China and Russia.

At a press conference, the White House Secretary, Karoline Leavitt, said the government will send letters to more countries on rates of rates or announce trade agreements in the next few days.

The Nasdaq and S&P 500 indices were lower by approximately 1% on Monday, while the yields of the United States Treasury bonds at 10 years also went higher, about 4.4%.

UPDATE (July 7, 18:43 UTC): Add tariffs against Kazakhstan, Malaysia, Laos, Myanmar and South Africa.



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