Trump’s threats to impose customs duties has made investors around the world exhibit the most risky assets, which has negatively affected the price of bitcoin.
The financial markets were disrupted yesterday, Monday, President Donald Trump, again raising concerns about a world trade war, causing negative effects on the digital currency sector. Despite the positive momentum of the Bitcoin currency price in recent weeks, the price has decreased below $ 108,000 after Trump threatened to impose customs duties on a number of trade partners in the United States, which again sparked the concerns that have long evacuated investors since he resumed his functions last January.
Yesterday afternoon, Trump sent messages to Japan and South Korea, warning against the taxation of new customs tasks of 25%, repeating the tone of the threat in the speech of the “Liberation Day” on April 2, and accused the two countries with non-reactive commercial practices and the shipment of goods from other countries to avoid customs tasks. The proposed customs duties should become valid from August 1, unless negotiations lead to Trump called “fair agreements”.
Late yesterday afternoon, the list of target countries increased with Trump’s announcement of its intention to impose customs duties of 40% on goods imported from Laos and Myanmar, 30% for South Africa, and 25% for Malaysia and Kazakhstan, and these customs duties will be implemented under the international law on economic law, which is still considered in American courses.
The Bitcoin price has decreased to $ 107,000, investors avoided risks after Trump extended the deadline for the taxation of customs tasks
The markets were affected by these developments very quickly, the prices of American shares have decreased sharply and the share of the S&P 500 index recorded the highest drop in one day in 3 weeks, decreasing by 1%. Japanese car manufacturers have also been assigned in particular, with the drop in Toyota prices, 4.1% and Honda by 3.8%. Likewise, the price of the US dollar against the Japanese yen and the Korean color increased with the orientation of investors to the safest assets, and these negative effects also affected the price of Bitcoin, after having increased at unprecedented levels to $ 111,814 last week, the price decreased by 0.74% in 24 hours, and the writing time was 107.936.08.
Source: Coingecko
This decrease may seem slightly, but analysts refer to its arrival jointly with the decrease in equity prices, which means that investors are increasingly raw that this digital currency is one of the risk assets in periods of geopolitical uncertainty, and this decrease occurs in the middle of the growing confusion concerning the commercial strategy of the American administration. Investors have always waited for several weeks on July 9, because it was the important deadline for the taxation of customs tasks, which Trump himself set after a series of random data in early spring.
However, White Dine Leavitt confirmed that the president would sign a decree to extend this deadline until August 1.
“President Trump is determined to reach a mutual trade balance, and the new deadline for our partners makes it possible to reach fair agreements,” Levitte to journalists told.
This extension can cause the urgency conditions of uncertainty. It is known that Trump is changing the approach of his trade policies without announcing it enough, which makes it difficult for investors and governments of other countries to develop appropriate plans. In addition, the White House spokesman Kush Desai clearly said that “trade-related decisions will be published directly by the president”.
Trump also helped increase pressure on Sunday during the threat of imposing additional customs tasks of 10% against any country that adopts BRICS policies, in clear reference to Brazil, Russia, India and China, whose leaders met in Rio de Janeiro.
In turn, the American secretary of the Treasury, Scott Bessent, asked on Monday to reassure investors, noting that Trump focuses on “the feasibility of the agreements, not his quantity”, but he did not appoint any country that approached an agreement with the United States.
And investors in digital currencies – which are used to extreme fluctuations in the price of Bitcoin currency – are forced to deal with the conditions of the undesirable macroeconomic economy, and the volume of negotiation of this currency increased slightly by 2.04% to 26.9 billion dollars, with traders interacting with geopolitical developments. Like the deadline scheduled for August 1 and trade policies are continuously change, the next Bitcoin currency management is unknown.
The future of Bitcoin for Bitcoin, but their price movements call for caution
The Bitcoin Bitcoin markets in the term Bitcoin market require optimism, with 7% of the total open value of the contracts opened in the last month, which is the first lasting increase, because the price of this currency decreased by 12% between May and June. This increase indicates the growing confidence of traders, with investments in speculative height centers.
The total value of Bitcoin’s open term contracts. Source: Axel Adler JR
However, the price movements of this currency provide prudent signals. After having touched the price of Bitcoin (Bitcoin), $ 109,500, the price has decreased again to $ 108,000, forming the double summary model in the graphics for short periods, which can indicate the heights of the heights of the height.
On the other hand, the difference between the value of speculative centers on the height and its speculative counterpart reached $ 27.4 million, while remaining in a positive area for more than 24 hours, but the price of bitcoin is still limited to a narrow beach. Analysts Carefully Monitor Important Technical Analysis Levels, with the Success of the Price by Staying the Highest Level of Short-Term Supporting To the Average Sia Movement for 200 Days (Ema-25) in the Graph for One Hour, But The Price Bounce Several Times Up from the $ 107,300 Region Led to the Formation of “Equal Bottoms “, a region that is usually targeted by big investors to collect liquidity, and the low price may cause at the endtom of this level by activating a large amnt of losses, this will result in a drop in a fork ranging from $ 107,000 and $ 106,300, and an analyst warned Case where buyers do not manage to interfere strongly below the level of $ 107,000, the price could continue to reduce around $ 105,000. ”
Bitcoin Price Table in one hour, Source: TradingView
However, the height possibilities remain, the price can increase firmly after decreasing below the level of $ 107,000, which can save him a new impetus, especially if the purchase pressures again caused the price increase on the level of $ 108,000.
And if the price succeeds at the highest level of $ 109,500 strongly, the chances of decline can decrease, with the possibility of its increase towards the level of $ 112,000.
Finally, everyone is now awaiting the new deadline scheduled for August 1, and it came at the start of another complete trade war, or simply a new game in Trump’s economic strategy, digital currency and financial markets are ready to manage potential impacts.
The Bitcoin-BTC price position decreased after Trump’s threat to a trade war, and the possibility of the situation will deteriorate considerably on August 1, first on Arabic Cryptonews.
