#TrumpTariffs The prices of Bitcoin and the main altcoins suffered declines this Thursday, after U.S. President 🇺🇸 Donald Trump confirmed progress in a trade agreement with 🇨🇳 China, but issued new tariff threats that keep investors on edge.
📍 From London, Trump stated that the framework of the agreement is in place but still needs to be reviewed by China.
The provisional deal includes:
* Resumption of Chinese licenses for key exports such as rare earth minerals
* The U.S. would maintain a 55% tariff on Chinese imports 📦
* China would apply a 10% tariff on U.S. products 🍔🛠️
However, Trump warned that he will send new tariff proposals to several economies in the coming weeks, with a deadline of July 9. While he is willing to extend the deadline, the threat of further measures has raised global concern
#USChinaTradeTalks
Markets do not see this as a real solution, but rather as a fragile truce.
🎢 The outcome took a bearish turn, especially in the crypto market:
💰 Bitcoin fell by 1.9%, standing at $107,000
💎 Ethereum dropped by 1.2%, trading at $2,730
🔵 XRP decreased by 3.6%
🔥 Solana plummeted by 3.8%
🌱 Cardano fell by 5%
🐶 Dogecoin dropped by 5.7%
📊 Meanwhile, the market is already looking to next week, awaiting the Federal Reserve's (Fed) decision on interest rates. The Fed is expected to keep rates steady, but any signal of tightening could increase pressure on assets.
