Bitcoin and Ethereum have largely held their ground after President Donald Trump announced temporary tariffs on almost all imports, raising the levy from 10% to 15%. Bitcoin was around $68,273 and Ethereum about $1,987, with both assets roughly flat over the day. The Supreme Court’s Friday ruling had struck down Trump’s earlier tariff program, setting the context for the policy move.
ETF-related dynamics were cited as traders observed ongoing redemptions from major crypto funds, with Bitcoin funds drawing nearly $316 million in redemptions and Ethereum funds dropping over $123 million this week. The market’s response underscores a nuanced backdrop where policy shifts can coexist with periods of price stability for leading cryptocurrencies. Moving forward, investors will monitor how tariff policy evolves and its potential spillovers on broader risk assets.
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