Most of the cryptographic assets with large capitalization are slightly down, except XRP.
The total market capitalization of cryptocurrency dropped 3.5% to 3.4 dollars on Monday, from the week in red, US President Donald Trump has renewed geopolitical tensions before his deadline on Wednesday.
Bitcoin (BTC) and Ethereum (ETH) are down approximately 0.6% on the day and are currently negotiated to $ 108,000 and $ 2,540, respectively. Meanwhile, Solana (soil) was held stable at $ 151, while XRP has shaken up the trend, increasing from $ 2.34 to $ 2.34, according to Coingecko data. Last week, Ripple Labs – The original basic contributor to XRP – revealed that a charter of the National Bank was asked in the United States, which could be the source of the asset gathering.
Levary effects have totaled $ 177 million in the past 24 hours, according to Coinglass. ETH represented the largest part with $ 60 million, followed by BTC at nearly $ 34 million. Altcoins experienced around $ 16 million in liquidations.
US Spot Bitcoin Traded Funds (ETF) recorded $ 602 million in entries on July 3 – the highest daily entries since May 22. Meanwhile, the ETH spots attracted around $ 149 million in entries Thursday, the highest since June 11, according to Sosovalue data.
The losses of the cryptography market follow a social post of truth of President Trump on Sunday evening, double the threats of imposing new prices on the countries that reassuring themselves with BRICS, shaking more the feeling of investors. The BRICS refers to an intergovernmental organization including Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. On Sunday, the leaders of the BRICS launched a summit in Brazil.
“Any country aligning the anti-American policies of the BRICS will be billed an additional 10%rate,” said the president on TRUTH Social. “There will be no exceptions to this policy. Thank you for your attention to this question! ”
Pricing
The warning comes only two days before the Trump administration’s price deadline on Wednesday, that is to say at this time that the United States prices are about to return into force. The deadline was set earlier this year following an announcement of American swept prices on several nations.
During the weekend, Trump said that his administration would begin to send letters to foreign governments on Monday, describing the rate rates they will face if no agreement is concluded by July 9, according to the Associated Press.
While Trump said the United States would not start to collect the prices until August 1, the Treasury Secretary Scott Bessent said it was not a firm deadline, adding to the uncertainty of the market.
The news also follows two major developments from last week. Firstly, President Trump announced a new trade agreement with Vietnam, which includes a 20% tariff on Vietnamese goods, plus a 40% “trans -sibling” rate. In addition, the controversial controversy of Trump One Big Beautiful Bill (OBBA) has been approved both by the Senate and the Chamber – the bill should add 3.3 billions of dollars to the country’s debt.
