Trump, in Interview, Says "No Extension of Mutual Tariff Exemption"
BTC Drops to $107,000... Altcoins Plummet During Trading
Experts Predict "BTC Rise Due to Young Generation's System Distrust"
President Trump, in an interview with Fox News on the 30th, said that he does not think extending the mutual tariff exemption period would be necessary.
Specifically, Trump stated that he would classify and apply existing 25% tariffs on countries previously granted exemptions to 35%, 50%, or 10% depending on negotiations.
The cryptocurrency market, which had been rising due to easing Middle East tensions, dropped during trading on the 30th. Bitcoin fell to $107,000. Altcoins surrendered their morning gains and declined, reflecting the tension in the asset market as 'risky assets'.
◇Bitcoin = At 4 PM on the 30th, the Bitcoin price on Upbit was 146.91 million won. Bitcoin's dominance was 65.43%.
According to on-chain analysis platform Sigbit, the long and short betting ratios in the Bitcoin futures market were 34.46% and 65.54%, respectively.
Experts predicted Bitcoin would rise as a 'hedging asset'.
Jordi Visser, investment director at asset management firm Weiss Multi Strategy Advisors, appeared on Anthony Pompliano's podcast and argued that Bitcoin would rise as capitalism would undergo a major transformation due to AI job replacement.
He said, "Young generations do not believe they will return to the current capitalist system" and "They think the system has been deteriorating year after year".
He emphasized, "The more people get angry, the more money the government must print" and "Increased currency will continue to drive Bitcoin's price up and replace many assets over time".
◇Rising Coins = At 4 PM on the 30th, the cryptocurrency with the largest price increase on Upbit was Milk (MLK), rising about 6%.
MLK is a blockchain point integration platform service provided by Milk Partners, led by CEO Joo Min-jung. The Milk platform is a blockchain-based integrated reward platform that can integrate and exchange various reward points from travel, leisure, and lifestyle services into Milk coins.
Users can connect different service points and convert points from services participating in the Milk Alliance into Milk tokens.
◇Fear and Greed Index = The digital asset Fear-Greed index provided by Alternative is 66 points, entering the 'Greed' stage. The greed stage is a period of increased price volatility and trading volume, indicating a potential price rise. Caution is advised for selling due to the high possibility of short-term peak formation.
The Relative Strength Index (RSI) provided by Sigbit is 53.2, recording a 'neutral' state. RSI measures the relative strength between upward and downward price pressures and indicates the overbought and oversold levels of a specific asset.
Reporter Seung-won Kwon ksw@blockstreet.co.kr