Bitcoin Breaks Through US$110 Thousand as Trump Eases Tariffs on Vietnam
The largest crypto asset Bitcoin (BTC) has successfully breached its psychological number of US$110 thousand today, Thursday (03/07) afternoon. This event coincided with the trade tariff relief granted by U.S. President Donald Trump to Vietnam.
Specifically, Bitcoin has seen a slight increase of 2.1% in the last 24 hours. Nevertheless, this has had a widespread impact on other crypto assets that are simultaneously showing gains.
It is known that its market capitalization has now reached US$2.1 trillion with a trading volume of around US$35.8 billion. On the other hand, its supply is now beginning to dwindle to 19,886,806 out of 21 million.
For your information, Trump announced that the U.S. has reached a trade agreement with Vietnam. In that trade agreement, Vietnam pays a tariff of only 20% on all goods shipped from the U.S. and 40% on each reshipment.