The main cryptocurrencies, excluding XRP, registered moderate losses when President Donald Trump announced new tariffs on imports from Mexico and the European Union (EU).
The president slapped 30% of the two commercial partners, which will enter into force as of August 1, according to the letters Trump published in his social account of Truth.
“Mexico has been helping me to ensure the border. But, what Mexico has done, is not enough,” Trump wrote in a letter to Mexican president Claudia Sheinbaum. In another letter to the president of the European Commission, Ursula von der Leyen, Trump described the relationship with the EU far from being reciprocal.
Earlier this week, Trump issued new tariffs for several countries, including South Korea, Japan, Canada and Brazil, along with a 50% rate on copper, which caused volatility in the red metal market.
Bitcoin
The leading market for market value, quoted around $ 17,400 after Trump’s announcement, 0.6% less than the maximum of the European session of $ 18,200. Prices have failed to establish a support point above $ 118,000 times from the first hours of Asian negotiation on Friday, according to Coendesk data.
Ether (Eth)The second largest token, quoted 1% lower in the day (UTC) At $ 2,930, after having put an undecided doji candle on Friday. Sol and Doge de Solana quoted more than 2% lower, while BNB dropped 0.7%. Meanwhile, XRP focused on payments negotiated relatively resistant, showing a gain of 1.78% from writing.
The weak tone followed an intense upward price action in the middle of the week that saw BTC fly beyond the long -standing resistance to $ 110K, which caused a renewed risk take in the wider cryptographic market. Some analysts anticipated an undecided price action continues during the weekend.
“The expectations this weekend are today in the narrow range. Then, Asia is late on Sunday night and buys the entire Bitcoin, and we exceed $ 120k,” said the founders of the LondonSCRYTOCLUB Bulletin Service in X.
