Trump Threatens Higher Tariffs on EU and Canada Amid Stable Bitcoin Prices
President Trump threatened to increase import tariffs on the EU and Canada, following a 25% tariff on vehicles and auto parts. Despite this, cryptocurrency markets remained stable with bitcoin around $87,500, down approximately 0.6% over 24 hours.
Key points include:
- The U.S. is pursuing economic measures that may affect growth prospects.
- A significant expiry of about $15 billion in BTC and ETH options contracts is approaching, creating market uncertainty.
- The U.S. House introduced a bill aimed at reducing risks associated with stablecoin usage.
- Ethereum's Pectra test was successfully conducted on the Hoodi network.
- A Senate hearing on Paul Atkins' SEC nomination will take place today.
Upcoming events to monitor include:
- March 27: Walrus (WAL) mainnet launch.
- March 28: Various economic data releases, including U.S. GDP and unemployment figures.
- April 1: Metaplanet stock split.
Market data summary:
- BTC: $87,494.70, -0.86%
- ETH: $2,025.47, -1.90%
- CoinDesk 20 Index: 2,757.13, -2.19%
- U.S. 10-year Treasury rate rose by 4 bps to 4.4%
Crypto equities such as MicroStrategy and Coinbase experienced declines, while ETF flows showed $89.6 million net flow into spot BTC ETFs.
In emerging trends, Ghibli-themed memecoins surged due to viral AI art, with the ghiblification (GHIBLI) token reaching a market cap of $21 million.
Technical indicators suggest cautious sentiment among investors as BTC and ETH funding rates remain low, reflecting hesitance in the market.