The announcement of new tariffs by US President Donald Trump has caused significant fluctuations in the cryptocurrency market. Details on its impact on major digital currencies.
Trade Moves Against Mexico and the EU
Donald Trump announced new tax tariffs on imports from Mexico and the European Union. In letters to Mexican President Claudia Sheinbaum and European Commission President Ursula von der Leyen, he cited Mexico's insufficient efforts on border security and the lack of reciprocity in trade with the EU.
Decline of Cryptocurrencies and XRP's Rise
Following Trump's announcements, the majority of digital currencies, except XRP, experienced a decline. Bitcoin (BTC) fell by 0.6% to $17,400, while Ether (ETH) dropped by 1% to $2,930. Solana (SOL) and DOGE lost over 2%, while BNB saw a 0.7% decrease. Conversely, XRP increased by 1.78%, drawing attention from analysts.
Market Outlook Amid New Policies
Given the impact of global trade policies, many analysts expect the market to remain flat over the weekend, although there may be a rise in Bitcoin above $120,000. Short-term fluctuations will likely be influenced by recent tariff decisions, prompting investors to stay vigilant and monitor news developments.
Trump's new trade measures have significantly affected the cryptocurrency market, provoking price fluctuations. Monitoring the impact of these economic decisions on the market will be crucial going forward.
