Bitcoin Remains Unfazed by Trump's Tariff Threats in Crypto Daybook Americas

By Francisco Rodrigues (All times ET unless otherwise specified) In a recent escalation of trade tensions, President Donald Trump has threatened to impose higher tariffs on imports from the EU and Canada, citing concerns over economic harm to the US. This move includes a 25% tariff on vehicles and foreign-made auto parts. However, the crypto market has shown resilience in the face of these threats, with Bitcoin maintaining its value at approximately $87,500. Over the past 24 hours, the largest cryptocurrency has experienced a slight decline of about 0.6%, while the broader CoinDesk 20 Index has dropped by around 2%. The escalating trade tensions not only raise concerns about economic growth but also widen the gap between the US and Europe. Today, European leaders are meeting with Ukraine's President Volodymyr Zelensky to discuss long-term security guarantees, following a US-brokered Black Sea ceasefire between Ukraine and Russia. Cryptocurrency prices are being influenced by both macroeconomic factors and the upcoming expiry of around $15 billion worth of BTC and ETH options contracts on Friday. This uncertainty has stalled Bitcoin's price rally, despite GameStop's recent move to raise $1.3 billion to accumulate the cryptocurrency. Meanwhile, the US House of Representatives has introduced a bill aimed at reducing systemic risks associated with stablecoin usage. Blockchain development is also progressing, with Ethereum's final Pectra test now live on the Hoodi network. Today, the US Senate Banking Committee will hold a hearing on the nomination of Paul Atkins, who holds up to $6 million in crypto-related assets, as the Chair of the Securities and Exchange Commission. Stay tuned for further updates. Key Events to Watch: Upcoming Token Events Conferences Token Talk By Shaurya Malwa Derivatives Positioning Market Trends: Bitcoin Statistics: Technical Analysis Crypto Equities ETF Flows Spot BTC ETFs: Spot ETH ETFs Source: Farside Investors Overnight Flows Chart of the Day While You Were Sleeping In the Ether