Major cryptocurrencies traded cautiously following President Trump's announcement of a 30% tariff on imports from Mexico and the EU, effective August 1. Bitcoin experienced a slight decline, trading around $17,400, while Ether fell 1% to $2,930. XRP, however, showed resilience with a 1.78% gain. The tariffs add to earlier announcements affecting multiple countries, heightening market tensions. Analysts expect indecisive trading to persist over the weekend, although some anticipate a resurgence in Bitcoin trading by Sunday evening, potentially pushing it past $120,000.
Value-packed daily reports covering news, markets, on-chain data, fundraising, governance, and more – sent to your inbox. Saving you 1 hour of research daily.
