{"id":35598,"date":"2025-07-07T19:02:46","date_gmt":"2025-07-07T19:02:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35598"},"modified":"2025-07-07T19:02:46","modified_gmt":"2025-07-07T19:02:46","slug":"bitcoin-slips-below-108k-erases-weekend-gains-as-trump-ramps-up-tariffs","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35598","title":{"rendered":"Bitcoin Slips Below $108K, Erases Weekend Gains as Trump Ramps Up Tariffs"},"content":{"rendered":"
\n

Bitcoin’s BTC very modest weekend rally modestly reversed on Monday as President Trump’s tariff policies took center stage again.<\/p>\n

The largest cryptocurrency slipped below $108,000 during the U.S. afternoon, down 0.8% over the past 24 hours. Changing hands at around $107,700, BTC has round-tripped all of the move to $109,700 on Sunday.<\/p>\n

Ethereum’s ether ETH was 0.6% lower, while smaller cryptos including Solana’s SOL SOL, dogecoin DOGE, Sui’s SUI SUI declined 1%-2%. XRP XRP outperformed with more than a 2% gain.<\/p>\n

Dampening investor sentiment was the President Trump ramping up tariffs even while delaying his self-imposed July 9 trade deal deadline to August 1.<\/p>\n

In letters from the White House<\/a> to counterparts in Japan and South Korea, Trump set 25% tariffs on products from those two countries starting on August 1. Trump shared more letters on Truth Social, revealing a 25% levies against Kazakhstan<\/a> and Malaysia<\/a>, 30% against South Africa<\/a>, and 40% for Myanmar<\/a> and Laos<\/a>.<\/p>\n

In a Monday social post, Trump also threatened<\/a> additional tariffs on countries aligning with policies by the BRICS, a loose intergovernmental group of countries including Brazil, India, China and Russia.<\/p>\n

In a press conference, White House Press Secretary Karoline Leavitt said the government will send out letters to more countries about tariff rates or announce trade deals in the coming days.<\/p>\n

The Nasdaq and S&P 500 indexes were lower by about 1% on Monday, while yields on 10-year U.S. Treasury bonds also headed higher, nearing 4.4%.<\/p>\n

UPDATE (July 7, 18:43 UTC):<\/strong> Adds tariffs against Kazakhstan, Malaysia, Laos, Myanmar and South Africa.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin’s BTC very modest weekend rally modestly reversed on Monday as President Trump’s tariff policies took center stage again. The largest cryptocurrency slipped below $108,000 during the U.S. afternoon, down 0.8% over the past 24 hours. Changing hands at around $107,700, BTC has round-tripped all of the move to $109,700 on Sunday. Ethereum’s ether ETH […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35598","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35598"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35598\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}