Bitcoin (BTC) is flat while the markets in East Asia open for the week, exchanging more than $ 84,000, because the White House has mixed messages on the prices of semiconductors and technological components.
During the weekend, the Secretary of Commerce, Howard Lunick, said that the White House’s decision to exempt articles such as smartphones, computers and semiconductors who fuel them prices were a temporary measure.
President Trump later confirmed it in a press briefing, declaring that the rate rate would be announced next week, but there would be “flexibility” on the issue.
“The market has seen a material rebound because the popular public electronics categories were exempt from 125% prices on China,” said COO BTSE, Jeff Mei, in Coindesk in a telegram message. “Even after Trump mentioned that they would simply move in another bucket of prices rather than exempt completely, the markets maintained their gain in the midst of rumors according to which business leaders were able to convince the Trump administration to take off some of their highest prices.”
“On our sides, we believe that there will be challenges to ward off China’s global supply chains overnight and that low -emission manufacturing at low margin will most likely move to other Asian countries after negotiating trade agreements.
Meanwhile, China has announced its own prices on semiconductors, hitting tokens of American origin with a rate of 34%. However, China has the origin as the manufacture of the chip, not designed.
Like the majority of American flea companies, such as AMD and NVIDIA, do not use their own Fabs and rather count on that of Taiwan – which China counts as its own territory – TSMC, they would actually be exempt from these prices.
Analysts in China recognize the short-term disturbances of semiconductors’ prices, but largely consider them as an opportunity to accelerate the innovation, location and restructuring of the supply chain, ultimately benefiting the long-term China industry.
The local media in Taiwan report that TSMC accelerates the construction of another FAB in Arizona in order to be able to provide more American manufactured chips because a cloud of uncertainty is suspended above the sector.
Within China, action merchants seem to wait for the news from the final tariff in order to make their next move.
Shanghai’s SSE composite index is up 0.8%, while SZSE, heavy of Shenzhen, is up 0.9%. Hang Seng of Hong Kong is up 2.4%.
Elsewhere in Crypto, the Bosera Hashkey Ether Exchange Fund (ETF) of Hong Kong has been approved to offer clearing services. This comes after the city’s market regulator, the Securities and Futures Commission, published advice on the supply of staggered services in Hong Kong.
Bloomberg ETF analyst, Eric Balchunas, noted on X that the market had not taken ETHER very well. The most efficient ETFs on the market, he wrote, were those that are short ether.
Ether fell 47% compared to last year, according to Coindesk market data, while Coindesk 20 increased by 14%.
