The rest of the cryptocurrencies operates with profits of up to 10%of Hyperliquid, followed by SUI (9.4%) and Chainlink (8.4%).
The cryptocurrency market Sample recovery signals After a week marked by volatility. Bitcoin (BTC) records a rebound of 4.3% In the last 24 hoursovercoming the US $ 99,000. Along the same line, Ethereum (eth) keep it up 7.4%reaching the U $ 2,700.
The rest of the cryptocurrencies operates with profits of up to 10%of Hyperliquid, followed by SUI (9.4%) and Chainlink (8.4%). However, these increases were moderated after the announcement of new tariffs by China in retaliation to the measures imposed by the president of the United States, Donald Trump.
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How it impacts the commercial war on cryptocurrencies
China confirmed the application of 10% to 15% tariffs on certain American products from February 10. This measure responds to the recent entry into force of the tariffs of the 10% to Chinese products imposed by Trump. Among the goods taxed by China are Liquefied gas, coal, crude oil, agricultural machinery and some vehicles. In addition, the Asian giant has started a Research for alleged monopolistic practices against Googleaccording to the state agency Xinhua.
Meanwhile, Canada and Mexicoalso affected by US tariff policies, he achieved agreements with the US administration for postpone the implementation of these measures for one monthwhich generated a brief optimism in the markets. However, China’s firm position generated nervousness in risk assetsincluding cryptocurrencies.
Cryptocurrencies: Refuge or risk active?
Although Bitcoin was classified as a kind of “Digital Gold”keep operating mostly as a Risk activeaccording to the analyst Min Jung, from Prestro Research. In this sense, the imposition of a 10% tariff by China on American goods generated pressure on the crypto marketas in other risk assets such as actions.
“The initial reaction could have been an overreaction, but volatility will remain high while the market evaluates the situation,” Jung said in statements to COINDESK. There is still uncertainty about whether this tariff conflict is simply A negotiation strategy —Similar to what happened with Canada and Mexico – or if it is the beginning of a prolonged commercial warsince China was a central focus on Trump’s policy.
Technical analysis: Key levels for bitcoin
From a technical point of view, Bitcoin He recently approached a Key support at US $89.525. According to César Nuez, Bolsamanía analystthe medium and long term trend remains positiveand the market could be forming a Alcista continuation figure. However, to confirm a clear signal of strength, it would be necessary to overcome the resistance of the US $110,150.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
