BTC, "Electronic Products, Exempted from Mutual Tariffs" Announcement Leads to Weekend Rebound
Trump on the 13th Suggests "11th Announcement is Just Moving to a Different Tariff Category, Not an Exception"
BTC and Major Cryptocurrencies Collectively Decline on the Morning of the 14th Following Trump's Announcement
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Previously, the US Customs and Border Protection (USCBP) announced on the 11th that electronic products, including smartphones and semiconductor equipment, would be excluded from mutual tariffs. Bitcoin rose near $86,000 on the 13th following the USCBP announcement, driven by expectations that the global trade war might unexpectedly calm down.
On the 13th (local time), President Trump posted on his social media 'Truth Social' that the "11th announcement is just moving to a different tariff category, not an exception." Subsequently, Howard Rootnik, the US Secretary of Commerce, announced in an interview with ABC News that the tariff exemption for electronic products would be withdrawn.
As President Trump indicated that the trade war was not over, cryptocurrencies, including Bitcoin, declined again.
On the morning of the 14th, Bitcoin dropped approximately 1.74% to $84,000, while Ethereum (ETH), XRP, BNB, and Solana (SOL) declined by approximately 2.56%, 1.92%, 2.13%, and 3.10% respectively.
Reporter Seung-won Kwon ksw@blockstreet.co.kr
