Over the weekend, U.S. President Donald Trump announced a 30% tariff on goods from the EU and Mexico. This decision impacted stock indices, while cryptocurrencies like Bitcoin and Ethereum are witnessing significant growth.
New Tariffs and Stock Indices
With the introduction of new tariffs on goods from the EU and Mexico, U.S. stock indices showed a decline. This decision is expected to create additional economic tensions between the U.S. and its trading partners.
Record Growth of Bitcoin
Bitcoin reached an all-time high of $121,492, surpassing the $120,000 mark. This substantial increase occurred against the backdrop of global economic changes.
Inflows into ETFs
Investment funds have also seen a capital influx. In recent days, Bitcoin ETFs reported net inflows exceeding $1 billion, bringing total assets to $150.6 billion, which accounts for 6.43% of Bitcoin’s market capitalization. Ethereum ETFs also saw significant growth, with inflows of $210 million, $380 million, and $200 million over the last three days, leading to total assets of $13.5 billion.
Thus, despite new tariffs and pressure on stock markets, cryptocurrencies like Bitcoin and Ethereum continue to show stable growth, attracting the attention of investors and experts.
