Bitcoin Price Not Down After Trump Tariffs
On Thursday, around midnight, US President Donald Trump announced his updated tariff policy, joyfully proclaiming: “Thanks to tariffs, billions of dollars are now flowing into the United States of America.”
Apparently due to fatigue from trading wars, the price of Bitcoin has remained virtually unchanged, continuing to hover around the $116,500 mark over the past 24 hours.
However, despite the tariff controversy, stock and cryptocurrency markets are rising, and Bitcoin remains at the same level. The S&P 500, Nasdaq, and Dow Jones indices rose on Friday by 0,77%, 0,90%, and 0,52%, respectively. Overall, the crypto market rose by 1%, increasing its market capitalization to $3,964 trillion.
August 8 Bitcoin was trading near $116,500, up 0,41% in the past 24 hours and 2,3% over the week, according to CoinGecko. Since Thursday, the cryptocurrency has fluctuated between $115,696 and $117,689.
TradingView data
Trading volume over the past 24 hours rose 8,07% to $63,26 billion, while the market cap remained at $2,31 trillion. Bitcoin’s dominance fell 0,64% to 60,62% as various altcoins, including эфириум (ETH), have surpassed the flagship cryptocurrency.
TradingView data
Total open positions in futures on Bitcoin amounted to $80,43 billion, an increase of only 0,19%. The total volume of bitcoin liquidations over 24 hours also remained unchanged and amounted to $32,86 million. Short position liquidations again dominated the total volume, amounting to $23,47 million of the total liquidations. The rest was accounted for by long positions — $9,39 million.
