Dondald Trump, president of the United States, and Bitcoin (BTC) (Image: Gemini 2.0/Mounting Money Times)
On the morning of Monday (7), the Bitcoin (BTC) is negotiated on the rise, close to the $ 109,000 mark, in a widespread enhancement scenario in the global market cryptocurrency.
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In the traditional marketthe Asian bags closed mostly falling. In Europe, the indices operate on the rise, while the future of Wall Street Return from the low independence holiday.
Investors agreed with the news that the president of United States, Donald Trumpcan impose a new round of commercial tariffs, now aimed at members of the BRICS (block of developing countries composed of Brazil, Russia, India, China and South Africa) and your allies.
It is worth mentioning that the group has been expanding its number of members, including Saudi Arabia, Egypt, United Arab Emirates, Ethiopia and Iran.
Since assuming the presidency, Trump has been living a global tariff war. Next Wednesday (9), he won as he limited the rates to 10% for all economies-which means that global tariffs should rise.
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Before continuing, see the performance of the ten largest cryptocurrencies in the world today:
| # | Name | Price | VAR 24h % | VAR 7D % | Var Ytd % |
|---|---|---|---|---|---|
| 1 | Bitcoin (BTC) | US $ 108,664.19 | 0.54% | 0.74% | 16.35% |
| 2 | Ethereum (eth) | US $ 2,563.29 | 1.96% | 3.98% | -23.05% |
| 3 | TETHER (USDT) | US $ 1.00 | -0.02% | -0.01% | 0.21% |
| 4 | XRP (XRP) | US $ 2.27 | 0.40% | 4.55% | 9.60% |
| 5 | BNB (BNB) | US $ 662.20 | 0.90% | 1.18% | -5.53% |
| 6 | Solana (Sol) | US $ 153.06 | 3.54% | 1.49% | -19.11% |
| 7 | USDC (USDC) | $ 0.9999 | 0.00% | 0.00% | -0.01% |
| 8 | Tron (TRX) | US $ 0.2876 | 0.95% | 3.70% | 13.15% |
| 9 | Dogecoin (doge) | $ 0.1710 | 3.75% | 3.51% | -45.83% |
| 10 | Cardano (ADA) | US $ 0.5874 | 1.54% | 3.97% | -30.38% |
Source: Coin Market Cap.
Bitcoin (BTC) in the tariff war
In addition to the onslaught against all economies on the planet, in an attempt to demonstrate his power over the global economy, Trump raised tone and threatened Brics aligned countries with an additional 10%rate.
This statement occurred after the bloc leaders disapproved of the unilateral increase in tariffs that “distort the trade.” However, as it is characteristic of Donald Trump, anything can happen, including suspension of tariffs once again.
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Finally, in the coming days, there will be a series of publications on economic activity in the eurozone and the United States.
The main highlight will be the minutes of the latest meeting of the Fomcthe Copom American, who must offer a detailed view of the opinion of the members of the Federal Reserve (Fed, the US Central Bank) About the current interest landscape.
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
