Key Highlights:

• Bitcoin fell to $107,700 during the U.S. session, erasing gains made over the weekend after touching $109,700 on Sunday.
• President Trump has enacted 25% tariffs against products from Japan and South Korea, deferring trade deal deadlines.
• In his announcements, Trump threatened further tariffs against countries that align with BRICS nations, impacting market sentiment.

Market Recap:

The leading cryptocurrency has fallen slightly below $108,000 due to renewed tariffs introduced by President Trump. This reversal comes after a brief rally, as market players adjust to the potential impact of ongoing trade tensions.

“Dampening investor sentiment was the President Trump ramping up tariffs even while delaying his self-imposed July 9 trade deal deadline to August 1.”

Tariff Details:**

In letters sent from the White House, Trump declared that these tariffs would take effect on August 1. He has also posted on social media outlining tariffs against other nations including Kazakhstan, Malaysia, South Africa, Myanmar, and Laos.

Economic Indicators:

The Nasdaq and S&P 500 indexes fell approximately 1% as Treasury yields rise, nearing 4.4%.