Bitcoin began to increase in price even after China approved tariffs, announced in advance by US President Donald Trump.
CNBC reports this, Ukrinform reports.
According to Coin Metrics data, on Friday the price of the flagship cryptocurrency increased by 1.7% to $83,396.89. Most of the flagship cryptocurrencies also showed growth on Friday: XRP and Solana grew by 3%, and dogecoin by 6%.
Cryptocurrency stocks fell again, however, with Coinbase down about 8% and MicroStrategy down more than 1%. By the hour, spot gold prices fell 2.6% to $3,038.50 an ounce, while US gold futures fell 2.9% to $3,020.79.
Investors were cheered after the Chinese Trade Ministry announced on Friday that the country would impose a 34% tax on all American goods, in response to the tariffs on Chinese goods that Trump had voted for. on Wednesday. “Tariffs are adding to the pressure on American manufacturers, de-inflation and rising prices for goods are making them increasingly more expensive, which will likely encourage an influx of capital and investment into Asia,” said the CEO of the trading company. platforms for trading cryptocurrencies Crypto Valley Exchange James Davis.
As reported by Ukrinform, US President Donald Trump officially voted against introducing large-scale tariffs against trading partners of the United States, calling it “Day of Liberation” for America. As a result, the US government is introducing a basic tariff of 10% on all goods from other countries. In addition, additional taxes will be introduced for specific powers, and protection for China will amount to 34%.
China has confirmed that starting from the 10th quarter it will introduce a 34% tax on imported American goods in addition to the US decision to introduce an additional tax on Chinese imports.
Photo: Bloomberg