BTC·ETH and Other Major Coins Weaken... Investment Sentiment Shrinks Due to Policy Uncertainty
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President Trump stated during a press conference on his private plane heading to Washington DC after visiting Florida that he would "apply the announced tariffs as of the 9th as planned." Unlike his previous stance that left the possibility of extension for some countries, he officially ruled out the possibility of postponing the deadline.
The president's remarks directly shocked the cryptocurrency market. Investors adjusted their portfolios centered on cryptocurrencies, anticipating that economic uncertainty would deepen if tariffs were implemented as scheduled.
Bitcoin dropped to $105,000. The decline of altcoins, classified as high-risk assets, intensified. Including Ethereum's nearly 4% sharp drop, XRP and Doge also fell by about 4% each.
The cryptocurrency market is sensitively responding to geopolitical variables. Especially, the president's hard-line trade stance is creating anxiety across the global economy, and cryptocurrencies are directly affected.
The United States continues negotiations with countries like Japan, but no substantial progress has been made. The market is preparing for the possibility of expanded cryptocurrency price volatility depending on whether tariffs are actually imposed on the 9th and subsequent trade responses.
Reporter Jung Ha-yeon yomwork8824@blockstreet.co.kr
