Janice R. Andrews
Cryptocurrency markets saw mixed movements on Monday as Bitcoin rose while XRP and other altcoins declined. Bitcoin gained 1.1%, reaching $97,861, while XRP fell 0.7% to $2.45, according to CoinDesk. The market shifts come as investors react to the Trump administration’s latest tariff plans, including a 25% levy on steel and aluminum imports.
Historically, crypto prices have dipped on tariff announcements, but analysts suggest these impacts may already be priced in. Bitcoin has struggled to reclaim the $100,000 mark, reflecting cautious investor sentiment. Meanwhile, XRP, which recently rivaled Tether as the third-largest cryptocurrency, continues to face downward pressure.
Ether, the second-largest crypto, also saw a slight decline of 0.3%. Market experts note that the crypto space remains in a holding pattern, awaiting clarity on regulatory and economic policies. As global trade tensions persist, crypto investors are closely monitoring how these developments will influence digital asset prices in the coming weeks.
Stay tuned for updates on how tariffs and market trends shape the future of cryptocurrency valuations.
