President Donald Trump He affirmed on Friday that he is “considering a direct tariff of 50% to the European Union”, after complaining that trade negotiations have stagnated, which implied a Hard blow for risk assets, including cryptocurrencies. As he wrote in Truth Social, the new import tariffs would take effect on June 1.
“The EU has been very difficult to treat,” Trump wrote. “Our conversations with them are not going anywhere!” The announcement occurred less than 30 minutes after it threatened to impose a tariff of at least 25% to Apple if the company does not begin to manufacture iPhones in the United States.
This impacted fully on Bitcoin, that goes back 3.9% in the last 24 hours, to US $ 107,300. In the same sense, the Ethereum sinks 4.6% au $ 2,539and the rest of the most operated altcoins also suffer from generalized setbacks.
Bitcoin replies after Thursday’s strong escalation
Bitcoin came from moving almost 8% until Thursdaydriven by a strong increase in the volume of operations and clear technical signs of a bullish rally. However, This Friday he corrected before an adverse global front for risk assets.
“The US Treasury bonus yield at 30 years (T-30) remained on the edge of the 5.2% critical thresholdwhich generated tensions in risk assets. The combination of a strong dollar and net exits of crypto funds (approximately US $ 1550 million in the week) suggests that the correlation between technological actions – like Nasdaq 100 – and cryptocurrencies remains latent, “they said from Buenbit.
“We ratify that Cryptocurrencies ceased to be a peripheral novelty to integrate organically into the structure of traditional finances, in public discourse and everyday activities of millions of people. That is why we are particularly symbolic that this new Bitcoin historical maximum has been reached right on Bitcoin Pizza Day, “said the platform in its weekly report.
“Beyond the cultural wink, this coincidence emphasizes that the growth of cryptocurrencies is anchored in its real utility and popular adoption, not in financial abstractions. When Bitcoin exceeds market capitalization to giants such as Amazon, even skeptics begin to recognize that We are not facing a passenger fashion, but against the emergence of a true pillar in the global financial and social ecosystem“He deepened.
Source: Ambito
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