#USChinaTradeTalks ๐จ๐ฅ Cryptocurrencies fall after Trump's statements: trade uncertainty hits the market ๐ฅ๐จ
Bitcoin prices and major altcoins suffered declines this Thursday, after U.S. President ๐บ๐ธ Donald Trump confirmed progress on a trade agreement with ๐จ๐ณ China, but launched new tariff threats that keep investors on edge.
#TrumpTariffs
๐ From London, Trump stated that the framework of the agreement is in place but still needs to be reviewed by China.
The provisional pact includes:
* Resumption of Chinese licenses for key exports such as rare earth minerals
* The U.S. would maintain a 55% tariff on Chinese imports ๐ฆ
* China would apply a 10% tariff on American products ๐๐ ๏ธ
However, Trump warned that he will send new tariff proposals to several economies in the coming weeks, with a deadline of July 9. While he is willing to extend the deadline, the threat of further measures has heightened global concern
Markets do not see this as a real solution, but rather as a fragile truce.
๐ข The outcome took a bearish turn, especially in the crypto market:
๐ฐ Bitcoin fell by 1.9%, settling at $107,000
๐ Ethereum dropped by 1.2%, trading at $2,730
๐ต XRP decreased by 3.6%
๐ฅ Solana plummeted by 3.8%
๐ฑ Cardano fell by 5%
๐ถ Dogecoin dropped by 5.7%
๐ Meanwhile, the market is already looking to next week, awaiting the Federal Reserve's (Fed) decision on interest rates. The Fed is expected to keep rates stable, but any signal of tightening could increase pressure on assets. ๐จ๐
$BTC $ETH $XRP #Trump #china #NoticiasCrypto