Bitcoin (BTC), which was approaching $120,000, experienced a sharp decline due to the Trump administration's tariff policy targeting the European Union (EU) and is currently trading around $109,000. This is interpreted as a result of Trump's announcement to postpone tariffs on the EU until July 9th.
As of 8 AM on the 26th, based on the cryptocurrency market site CoinMarketCap, BTC is up 1.13% from the previous day at $109,282.25. At the same time, Ethereum (ETH) is up 1.04% at $2,551.75. XRP is up 0.27% at $2.33, and Solana (SOL) is down 0.78% at $174.92.
The domestic market showed a clear upward trend. At the same time, based on Bithumb, BTC recorded 152,675,000 won, up 1.62% from the previous day. ETH is up 1.74% at 3,567,000 won, XRP is up 1.93% at 3,270 won. SOL is up 2.13% at 244,600 won.
Previously, BTC broke through $110,000 for the first time on the 23rd of this month and momentarily approached $120,000, but prices plummeted when Trump warned of imposing a 50% tariff on the EU starting from the next month.
However, two days after the 'surprise warning', on the 25th (local time), Trump changed his stance, announcing a postponement of the tariffs until July 9th, when the mutual tariff exemption expires for each country, causing BTC to slightly rebound.
On the 25th (local time), Trump posted on Truth Social that he received a call from EU Commission President Ursula von der Leyen requesting an extension of the 50% tariff deadline from June 1st, and he agreed to extend it to July 9th. He added that the Commission President said negotiations would begin quickly and thanked everyone for their interest. He also attached the EU Commission President's related X post.
According to cryptocurrency data provider Alternative.me, the Crypto Fear and Greed Index increased by 8 points from the previous day to 74 points, maintaining a state of 'greed'. This index indicates that the closer it is to 0, the more constrained the investment sentiment, and the closer to 100, the more overheated the market.
- Reporter Shin Jung-seop
- jseop@sedaily.com
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