Despite aggressive tariff threats from U.S. President Donald Trump, the cryptocurrency market shows stability. Analysts note that Bitcoin, Ethereum, and Solana show insignificant price changes.
Current State of Cryptocurrencies
As of today, Bitcoin, Ethereum, and Solana ended the day with slight increases. Bitcoin is trading in the $107,000 to $110,000 range, up 1.5% in the last month, remaining close to its all-time high. Ethereum remains stable around $2,500, while Solana shows stability at $150.
Impact of Tariff Threats on the Market
The recent announcement of 'retaliatory tariffs' by Trump in April contrasts with the current stability of cryptocurrencies. The President sent official letters to 14 countries, including Japan, South Korea, and Thailand, warning them of aggressive tariffs that may go into effect on August 1. However, investors are inclined to believe that Trump may delay imposing tax changes.
Expert Opinions on the Situation
Experts note that investors have become less responsive to the volatility of tariff negotiations and are showing greater resilience to macroeconomic changes. Options analyst Bret Kenwell mentioned that if confidence in continuing negotiations is present, the market may ignore such news. Greg Magadini from Amberdata emphasizes that institutional investors are hedging their risks by investing in the Bitcoin ETF.
In the face of market instability, cryptocurrencies continue to remain attractively stable for investors despite external economic threats. Experts expect that confidence in continued negotiations may support current price levels.
