Trump’s Tariff Postponement Boosts Crypto Sentiment

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Tariff Uncertainty and Crypto Resilience

Tariff Agenda Continues

  • Global markets are watching the news flows regarding tariffs. Donald Trump has started to send letters regarding the higher tariffs that he mentioned earlier and announced that he is still open to additional negotiations. He also announced that he has postponed the date when the tariffs will be increased until at least August 1st.
  • According to the letters, Japan and South Korea will be subject to 25% tariffs. On the other hand, there is talk of a permanent agreement with the European Union (EU).
  • On the digital currencies side, while regulation and institutional interest remain in focus, the climate in traditional markets with Trump stating that he is open to negotiations has a positive impact on asset prices. It should be noted that European stock markets and Wall Street futures contracts did not show strong gains.
  • Major digital assets continued their gains from the late Asian session during European trading. For the rest of the day, we expect a relatively more conservative upside bias and intermediate corrections.

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Important Economic Calender Data

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