#BinanceTurns8

Cryptocurrencies move sideways and Bitcoin struggles for $109,000 after Trump's tariffs and sparks with the Brics.

Cryptocurrencies are trying to decouple from the decline of the S&P 500 and follow the advance of the Treasuries; Bitcoin and Ethereum ETFs maintain a positive balance.

On the morning of this Tuesday (8), the cryptocurrency market recorded a total capitalization of $3.36 trillion. For its part, Bitcoin

BTC 92,801 € was trading around $108,900 (+0.2%), maintaining a market dominance of 64.5% and a neutral sentiment among investors (50%). Most of the main altcoins showed mixed behavior.

This movement dissociated from the decline of stock indices such as the S&P 500 and Nasdaq, historically associated with Bitcoin's performance, closing respectively at 6,229.98 (--0.79%) and 20,412.52 points (-0.92%). This occurred after a new round of announcements from the President of the United States, Donald Trump, directed at increasing customs tariffs on products manufactured in 14 countries.

In letters to the countries, published on Truth Social, Trump decided to apply tariffs starting August 1st on South Africa (30%), Bangladesh (35%), Bosnia and Herzegovina (30%), Cambodia (36%), Kazakhstan (25%), South Korea (25%), Indonesia (32%), Japan (25%), Laos (40%), Malaysia (20%), Myanmar (40%), Serbia (35%), Thailand (36%), and Tunisia (25%). The president also stated that the percentages can be raised in case of retaliation. The new offensive came after the Republican signed a decree postponing for next month the drastic increase of tariffs on products from various countries, a measure announced in April that was set to take effect next Wednesday (9).