This week, the crypto market recorded several important developments, from US trade policies and token listings to blockchain and regulatory advancements. The highlights display how the global cryptocurrency ecosystem continues to advance.
The following is a roundup of crucial developments that happened this week but will continue shaping the sector.
Trump’s Tariffs Shake Global Markets
US President Donald Trump stirred the global trade market earlier this week, proposing tariffs against Canada, Mexico, and China. This new round of trade restrictions was aimed at protecting domestic industries.
Following the initial announcement, Canada and Mexico pushed back, leading to temporary delays in some tariff applications. Mexico, in particular, secured a short-term reprieve as both nations entered new negotiations with the US government.
“We had a good conversation with President Trump with great respect for our relationship and sovereignty; we reached a series of agreements. Our teams will begin working today on two fronts: security and trade. Tariffs will be paused for one month from now,” Mexican President Claudia Sheinbaum shared on X (Twitter).
Against this backdrop, analysts observed Bitcoin’s Coinbase Premium Index hitting a 2025 high, indicating increased demand in North America. Investors appear to be shifting toward Bitcoin as a hedge against possible economic instability caused by these trade policies.
Meanwhile, China retaliated, imposing a 10% tariff on US crude oil and agricultural machinery on its exports to the US. While this reignited fears of another prolong
Go to Source to See Full Article
Author: Lockridge Okoth
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
