The last 24 hours have been a nightmare for altcoins. Currently, news flow plays a more crucial role than technical analysis, leading to significant fluctuations based on upcoming news. As this article is being prepared, Trump is making statements that directly affect cryptocurrencies.
Latest Updates on Cryptocurrencies
Trump’s potential actions regarding additional tariffs impact all cryptocurrencies, particularly BTC. Although BTC is often viewed as digital gold, it continues to exhibit characteristics akin to technology stocks, making it sensitive to issues such as DeepSeek or U.S. tariff policies.
Today, Trump engaged in discussions with Mexico, postponing tariffs for one month. Furthermore, he indicated positive communication signals with Canada and China during his ongoing remarks. Key points from the discussion include:
- No one is exempt from tariffs.
- I had a good conversation with Trudeau (Canada).
- We have yet to agree on tariffs with Mexico, although we decided to delay them for one month; negotiations will continue.
- We will have extensive negotiations with Mexico.
- Canada is not treating us well; we do not need their cars, timber, or agriculture.
- We will likely talk to China within the next 24 hours.
- China will not focus on the Panama Canal for a long time.
- The tariffs against China were an opening salvo.
- If we cannot reach an agreement, tariffs on China will increase.
- I like the idea of applying mutual tariffs against more countries.
China’s UN Ambassador has just stated, “China strongly opposes the unjustified increase in tariffs by the Trump administration,” signaling a potential for negotiation as he added, “There are no winners in a trade war.”
