The cryptocurrency market experienced a relatively calm day on Friday, despite the updated threat of tariffs.
Bitcoin
It has fallen 0.7% in the past 24 hours and is now trading at $106,700, According to Coindesk market data.
The performance of orange coins and Coindesk 20 – According to market cap, the index fell 0.7% during the same period, except for stablecoins, membership and exchange coins. Sui
This is the token of the index, which has experienced the biggest price change either way and has only increased by 3.3%.
Cryptocurrency action is more important, with common shares (coin) and circles (CRCL) 6% and 16% were lost, respectively. Stablecoin issuer shares fell 40% as it priced nearly $300 on Monday.
Bitcoin miners remain relatively flat on the same day, including core science (CORZ)up more than 30% Thursday report AI Hyperscaler Coreweave is considering acquiring company despite Hut 8 (cabin) 6.5%.
The mild price action is once again in stark contrast to the White House’s tariff strategy. U.S. President Donald Trump announces that his administration will terminate all trade discussions with Canada under the country’s digital service tax Target Improving American tech companies.
“We will let Canada know the tariffs that they will do business with the United States of America over the next seven days,” Trump Posted.
Coinbase analyst pause is also scheduled to end on July 9, but neither traditional market nor cryptocurrencies seem to be paying special attention. Famous In a research report.
“(The market) largely ignores the potential economic risks that this situation has … in part because it is not necessarily reflected in economic data,” analysts wrote.
They say the complacency in tariffs may continue because they are unlikely to inflation as previously expected.
