Trump Raises Steel and Aluminum Tariffs Amid Ongoing Trade War
Recent developments in the cryptocurrency market are influenced by geopolitical uncertainties stemming from President Trump's trade policies. Key points include:
- Trump's fluctuating trade strategies have created market instability, impacting investor confidence.
- Bitcoin is trading sideways around $105K, down approximately 0.2% over the past 24 hours.
- $BTC ETF outflows saw a net loss of $560M, indicating investor apprehension.
- The potential resumption of high tariffs could further affect market sentiment.
In the broader crypto landscape:
- Solana fell 9.4% this week amid ETF discussions.
- Dogecoin decreased by 15%, despite changes within its management.
- XRP declined 5.34%, while trading volumes remained robust.
- Cardano dropped 10.33% weekly but gained 3.16% daily, facing resistance at $0.70.
Despite these fluctuations, Cardano has surpassed 110 million transactions, indicating strong adoption. Market participants await clearer regulatory stances from the SEC regarding ETF applications, which may affect price movements.
Investors are monitoring altcoins such as:
- BTC Bull Token ($BTCBULL), offering Bitcoin airdrops for holders.
- Cardano ($ADA), with potential growth if resistance levels are broken.
- Best Wallet Token ($BEST), tied to a multi-chain wallet that enhances user experience and governance participation.
As uncertainty looms, investors should remain vigilant and conduct thorough research before making investment decisions.