Major Cryptocurrency increased on Sunday morning to the US Treasury Secretary Scott Besent on the upcoming trade deals before Liberation Day Tariff Deadline on 9 July.
Bitcoin, the leading cryptocurrency leading by market value, received more than 1%, briefly at the top of $ 109,000. Payment-focused XRP and Solana’s Sol Token received more than 2%, with meme token dogcoin
According to data source coindesk, 3%is increasing. Etherium ether, the second largest token, increased by 1.5% to $ 2,550.
In an interview with CNN, Bessent said This US is close to finalizing several trade deals before the July 9 deadline, when the high tariffs declared on April 2 are scheduled to end temporary stagnation.
“President Trump is going to send letters to some of our business partners, saying that if you do not proceed with things, on August 1, you will return to your April 2 tariff level. Per opinion,
Besent reported that the time limit of 9 July negotiations remains, which thwarts the high tariffs declared in early April, will be effective from August 1.
“We are saying that this is when it is happening. If you want to speed up things, it’s on it. If you want to go back to the old rate, it is your choice,” Besant told CNN, there were ‘foot-dragings’ for some countries.
Since assuming office earlier this year, President Donald Trump has been focused on re -making American rich by putting tariffs on goods imported from other countries, the purpose of a tremendous strategy is to regenerate business relations and reduce the US trade deficit.
Trump announced the sweeping tariff on 2 April, which began with 10% base tax on all trading partners and additional amount on several countries, with a few more than 50%. The so -called liberation day announcement triggled a sales in financial markets, with a sharp fall in bitcoin to a significant hit, falling to $ 75,000.
The possibility of nervousness inspired the Trump administration to declare a 90 -day stay after a week.
Since then, the so -called American extraordinary has revived in financial markets, raising the major American equity indices for high records. Both S&P 500 and Nasdaq have improved their global peers, with BTC rally to trade above $ 100,000.
