Bitcoin demonstrates stability above the $107,000 mark following the recent statements from President Trump. Discussions on new tariffs between the US and the European Union have not worsened the situation, indicating the possibility of agreements.
Current Status of Bitcoin
Bitcoin continues to find buyers above the $107,000 mark following a strong position taken by President Trump last week. Despite the absence of active measures from the European Union in response to tariff proposals, this creates a potential for agreement. Currently, Bitcoin is holding firmly and is expected to start rising if it breaks the $108,300 level.
Overall Situation in the Crypto Market
The total market capitalization of cryptocurrencies stands at $3.3 trillion, but trading volumes have decreased by 30%, reaching $65 billion. Bitcoin continues to maintain its dominant position while ETH remains below $2,500. Conflicts in the Middle East and the lack of clear results from tariff negotiations have hit cryptocurrency prices.
Trends in Altcoins
Amidst overall instability, altcoins are continuing to experience difficulties. However, some, like PENGU, have shown impressive growth of nearly 60%. Meanwhile, other altcoins such as SEİ, SYRUP, and FARTCOIN have reported gains ranging from 30% to 44%.
Under current conditions, trade agreements and statements from officials can significantly impact the cryptocurrency market. Bitcoin and its altcoins will continue to experience price fluctuations depending on new economic events.
