Bitcoin, Ether Tentative, XRP Steady as Trump announced 30% tariffs on EU and Mexico
Major cryptocurrencies, excluding XRP, registered moderate losses as President Donald Trump announced fresh tariffs on imports from Mexico and European Union (EU).
The President slapped 30% Levy with two trading partners, which would be effective from August 1, according to the letters Trump posted in his society reality.
“Mexico helped me to secure the border. But, what Mexico has done, is not enough,” Trump wrote In a letter to Mexico President Claudia Sheinbaum. In another letter to European Commission president Ursula Von Der Leyen, Trump called the EU relationship away from the reward.
Earlier this week, Trump released new tariffs for many countries, including South Korea, Japan, Canada and Brazil, with a 50% copper tariff, Triggering volatility In the market for red metal.
Bitcoin
. Prices have failed to establish a foothold above $ 118,000 Multile times since the first Asian trade hour of Friday, CoinDesk data shows.
Ether (Et)the second largest token, exchanged 1% less in the day (UTC) At $ 2,930, placed on a bad Doji candle Friday. Solana and DOGE exchanged more than 2% less as BNB dropped 0.7%. Meanwhile, exchanging XRP -focused payments are quite resilient, flashing a 1.78% gain such as writing.
The weak tone adhered to the intense bullish price action in the middle of the week that saw BTC crack in the long fight of $ 110K, which motivated the revised risk of getting into the broader crypto market. Some analysts expect an ongoing non -intriguing price action over the weekend.
“Expectations this weekend are firing on the tight range today. Then Asia will come on late Sunday night and buy all Bitcoins, and we have broken $ 120K,” LondonCryptoclub’s newsletter service founders said in X.
