The main cryptocurrencies increased Sunday morning while the US Treasury Secretary, Scott Bessent, alluded to the next trade agreements before the deadline for the July 9 release day.
Bitcoin, the main cryptocurrency by market value, earned more than 1%, briefly exceeding $ 109,000. The XRP focused on payments and the Solana floor token earned more than 2% each, with token even Doguecoin
3%increase, according to the Coindesk data source. Ethereum’s ether, the second largest token, increased by 1.5% to $ 2,550.
In an interview with CNN, Bessent said that the United States was about to finalize several commercial transactions before the deadline of July 9, when the temporary break in higher prices initially announced on April 2 should expire.
“President Trump will send letters to some of our business partners saying that if you do not move things, then on August 1, you will come back to the prices of April 2. I therefore think that we will see a lot of offers very quickly,” said Bessent, by Reuters.
Bessent explained that July 9 remains the deadline for negotiations, in the absence of which higher prices, announced in early April, will take effect from August 1.
“We say that this is when it happens. If you want to accelerate things, you. If you want to return to the old price, it’s your choice,” said Bessent to CNN, adding that some countries “reveal themselves” on the agreements.
Since his entry into office at the beginning of this year, President Donald Trump has focused on making the rich Americans again by imposing prices on goods imported from other countries, a coercive tactic aimed at rebalancing trade relations and reducing the American trade deficit.
Trump announced scanning prices on April 2, starting with a 10% basic tax on all business partners and additional amounts on many countries, with a part of up to 50%. The so-called announcement of the Liberation Day sparked a sale on the financial markets, the American shares taking a significant blow alongside a sharp drop in Bitcoin, which fell to $ 75,000.
Panic probably prompted the Trump administration to announce a 90 -day break a week later.
Since then, the so-called American exceptionalism has resurfaced on the financial markets, raising the main American capital indices to record heights. The S&P 500 and the NASDAQ have outlined their global peers, the BTC gathering to exchange more than $ 100,000.
