Crypto Markets Steady Amidst Fresh Tariff Warnings from Trump
Finance/Markets

Crypto Markets Steady Amidst Fresh Tariff Warnings from Trump

Despite new tariff threats from Trump, the cryptocurrency market showed resilience, with Bitcoin and major crypto stocks reacting minimally.

The cryptocurrency markets experienced a relatively tranquil day on Friday despite the resurfacing of tariff threats. Bitcoin is down 0.7% over the last 24 hours, trading at $106,700 according to CoinDesk market data.

Key Points:

  • Tariff threats have resurfaced, yet crypto markets remained steady.
  • Stocks for major crypto firms like Coinbase and Circle experienced notable downturns.
  • President Trump announced the halt of trade discussions with Canada concerning its Digital Services Tax on American technology companies.

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Despite potential market disruptions, analysts suggest that the crypto space has not shown significant concern towards tariff implications, reflecting a stronger than anticipated market sentiment.

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