Prices Bitcoin It hovered around $84,000 on Tuesday as the White House tweaked its tariff message without dodging the prominent market volatility.
White House Press Secretary Calline Leavitt during briefing I said For farmers who are tense over US President Donald Trump's trade war, that “breaking is being considered,” while members of Trump's cabinet are now working with 15 countries to “cut off these good trade transactions.”
According to the Crypto Data Provider, Bitcoin prices have recently changed to around $84,300, down 0.6% in the past day. Co Ringecko. Ethereum It fell 1.8% to $1,600 Solanathe sixth largest digital asset by market value fell 1.6% to $128.
A gentle mirror deal on Wall Street on Tuesday. The S&P 500 fell 0.02%, the high-tech NASDAQ went 0.07%, and the Dow sunk 0.2%. Yahoo Finance.
Trump targeted more than 180 countries this month when he announced “mutual” tariffs, but his efforts to restructure international trade have recently Focusing on China. The market has eased somewhat after Trump dropped the hard tax to 10% in most countries. But questions surrounding how Trump's tariffs will be hit by the US economy.
Economists fear Trump's tariffs will boost consumer costs compared to economic growth despite the consumer price index arrival It was cooler than the expected economists last week, showing a 2.4% increase in the 12 months leading up to March.
According to analysts at Yardeni Research, Trump's tariffs could continue to live even further into the first half of Porte Manteau. In a memo on Tuesday, they wrote, “Consensus expectations may overestimate the impact of inflation and underestimate the negative risks to growth.”
In the crypto zone, investors have gained new insights into how the US strategic Bitcoin reserve will be strengthened with new purchases. The podcast includes Bohines, executive director of the Presidential Advisory Council on Digital Assets; I said Money can come from customs duties.
Trump's Bitcoin Reserve rollout was excited earlier this year, but it's been almost a month since Bitcoin was traded above $90,000 after his recent trade zigzag.
Investors also want to understand how Trump's tariffs affect the Federal Reserve approach to interest rates projection Two cuts last month. Monday, President Rafael Bostic of the Federal Reserve Bank of Atlanta; I said That's too early.
“I think the fog has really, really thickened,” he said. “The economy is on a big hiatus (…). We have to see how things evolve.”
Edited by James Rubin
