Bitcoin and Ethereum demonstrated resilience on Saturday, holding steady in price despite former President Donald Trump’s announcement of a global tariff hike from 10% to 15% on imports. This announcement followed a US Supreme Court ruling that struck down Trump’s previous tariff program as unlawful. While crypto markets had previously reacted sharply to Trump’s trade policies, they showed less volatility this time, with Bitcoin rising nearly 2% to $68,273 and Ethereum increasing by 2% to around $1,987. This stability comes after a challenging week for major US exchange-traded funds (ETFs) associated with Bitcoin and Ethereum, which faced significant net outflows, highlighting a cautious sentiment among investors.
Bitcoin, Ethereum hold steady as Trump announces new tariffs
