While the Bitcoin (BTC) 
$61,567 price struggles to maintain the $109,000 level, Ethereum (ETH) 
$1,623 finds buyers above $2,600. Altcoins weakened following controversial statements regarding tariffs. Meanwhile, Trump’s inconsistent remarks continue, and while this article was being prepared, the White House spokesperson made significant announcements.
White House Statements
According to sources close to CNN, after the airstrikes conducted by Russia over the weekend, Trump is preparing for more sanctions. Trump’s recent comment that he cannot recognize Putin likely indicates an escalation of tensions with Russia.
Uncertainty continues regarding tariffs. Despite high tariffs, the ongoing growth of U.S. debt and Trump’s inconsistent stance negatively impact the U.S. dollar. However, the recent announcements by the White House spokesperson are promising.
Senior White House Advisor Hassett stated that tariffs could be 10% or less for some countries. Lower tariffs will be available for countries that make good offers, and India is close to finalizing deals.
There is also talk of more trade agreements in the coming days. The United Kingdom has signed the first agreement so far. Although there is a consensus to freeze tariffs with China in Geneva, a long-term solution has yet to be signed. Despite the decreasing likelihood of Xi’s visit to the U.S. in June, the steps taken regarding the agreement remain uncertain.
Contrary to Trump, U.S. officials express optimism about reaching an agreement with the EU within weeks. This inconsistency in strategy, perceived as Trump’s tariff negotiation tactic, could harm the country’s credibility in the long term.
Cryptocurrencies
The rising financial tension with Russia is not favorable for cryptocurrencies. Despite optimistic statements about ending the war, Putin’s attack on Kiev shows a lack of sincerity in negotiations. Moreover, Russia’s avoidance of high-level participation in the Istanbul summit is increasingly drawing criticism.
Despite all the negativity, BTC retains support around the $107,250 threshold and trades above $109,500. If tariff agreements are announced as indicated in today’s statements, it could be supportive for the market.
