The main cryptocurrencies, excluding XRP, have recorded moderate losses while President Donald Trump announced new prices on imports in Mexico and the European Union (EU).
The president sliced 30% of the two business partners, which will take effect from August 1, according to the letters that Trump published on his social account Truth.
“Mexico helped me get the border. But what Mexico has done, is not enough,” Trump wrote in a letter to the 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.
At the beginning of this week, Trump published new prices for several countries, including South Korea, Japan, Canada and Brazil, as well as a 50% tariff on copper, triggering the volatility of the red metal market.
Bitcoin
The main cryptocurrency by market value exchanged about $ 17,400 after Trump’s announcement, down 0.6% compared to the European session summit of $ 18,200. Prices have failed to set up more than $ 118,000 multi since the first hours of Asian negotiations on Friday, according to Coindesk data.
Ether (Eth)The second largest token, exchanged 1% less during the day (UTC) at $ 2,930, having put an indecisive Doji candle on Friday. Solana’s soil and Doge exchanged more than 2% less while BNB dropped by 0.7%. Meanwhile, XRP focused on payments exchanged relatively resilient, displaying a 1.78% gain in writing.
The weak tone has followed an intense optimistic price action in the middle of the week which saw the BTC blow in front of the long -standing resistance at $ 110,000, which caused risk renewal on the wider cryptography market. Some analysts have anticipated continuous indecisive price action over the weekend.
“The expectations this weekend, we are lying in a tight range today. Then Asia arrives late on Sunday evening and buys all bitcoin, and we cross $ 120,000,” said the founders of the LondonCryptoclub Londoncryptoclub newsletter service.
