The delay in the implementation of the new Trump tariffs and the expectation about the cryptocurrency week in Washington condition the performance of digital assets. Meanwhile, Riot Platforms leads profits among companies linked to Bitcoin.
The caution dominates the markets at the start of July, amid the uncertainty for the US tariff policy and the next legislative debates about cryptocurrencies. He Bitcoinmain global cryptoactive, Go back this Tuesday below US $ 109,000according to Binance, with a 0.3%drop. The majority of the market operates with losses of up to 1.4%headed by Shiba Inu, Bitcoin Cash (-1.2%) and Stellar (-0.9%).
The tension climate intensified after Signature of an executive order of President Donald Trumpwho decided delay until August 1 The deadline originally scheduled for the announcement of new tariffs to almost 15 countries. The first letters with official notifications have already been sent and shared by the president himself in his social network, although he clarified that the new date “is not 100% firm.”
Falls in the crypto ecosystem
As explained Antonio Di GiacomoAnalyst of Financial Markets for Latam in XS, “Bitcoin started the week with moderate movements, falling slightly after a momentary rebound that was driven by optimism around the next ‘Cryptocurrency Week’ in Washingtonwhich will begin on July 14 ”.
The event is expected to have a significant weight on the regulatory course of the digital ecosystem in the United States. Di Giacomo indicated that there will be debated Three key law projectsdestined to provide greater normative clarity, which could lead to a more structured and favorable legal framework for technological innovation.
“Bitcoin evolution currently reflects a combination of Regulatory hope, institutional support and geopolitical tensions. However, political risks and tariffs can continue to generate volatility in the short term, ”he warned.
Riot Platforms, on the rise
In contrast to the evolution of cryptocurrency, Actions of companies linked to Bitcoin They have been showing dissimilar performance. Among them stands out Riot Platforms Inc, whose price It rose more than 14% in the last 30 days.
The company, one of the main Bitcoin miners, published its June production reportwhere he reported an year -on -year growth of 76% in its mining volume and an increase of 62% in its hash rate. In turn, reduced its energy costs 11% year -on -year and achieved US $5.6 million in energy loans141% more than the previous month.
Riot currently appears as Bitcoin’s largest corporate holder globally, with a portfolio valued at US $2,080 million.
Despite the Moderate volatility of Bitcoin, the behavior of the actions associated with the sector shows that investors continue to bet on companies with solid financial structure and good operational performancelike Riot. As the legislative event approaches in Washington and the new tariffs are defined, the next few days will be key to evaluating the reaction of Crypto markets and their main actors.
Source: Ambito
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