After a number of nations from the European Union deployed troops to the latest sizzling zone, Greenland, the POTUS introduced a brand new set of tariffs in opposition to all of them, efficient from February 1 till a deal for the whole acquisition of the island is reached.
The EU’s response was speedy, whereas US Democrats have pushed to introduce laws to dam Trump’s proposed tariffs. Regardless of all this drama, BTC’s value has remained steady, despite the fact that it’s the one monetary asset out there for buying and selling through the eventful weekend.
Newest Developments
As reported yesterday, the newly introduced tariffs in opposition to Denmark, Sweden, France, Germany, the UK, the Netherlands, and Finland can be efficient from February 1. The taxation can be 10% on all items despatched to the US, but when there’s no deal reached by June 1, the share will improve to 25%, stated Trump.
Shortly after, experiences emerged that the EU plans to halt approval of the commerce cope with the US after the newest threats. The lawmakers additionally scheduled an emergency assembly for right now.
In accordance with analysts from the Kobeissi Letter, who stated they spent 12 months researching Trump’s tariff playbook, that is the fourth step within the commerce conflict. They consider monetary markets will open decrease on Sunday night and Monday, however Trump will proceed to play “hardball.”
Not like the latest US-China bout, they famous that the Greenland scenario would require extra time as a result of such a possible acquisition “can’t occur in a single day and the EU stays extremely against even the concept of such a transaction.”
The Democrats had been fast to maneuver on US soil, reportedly planning to introduce laws to dam the POTUS’s proposed tariffs on EU nations.
BTC Stands Nonetheless
The commerce wars have impacted the first cryptocurrency in earlier cases, particularly the primary one which unraveled in April 2025. On the time, BTC tumbled from $110,000 to $75,000.
Nonetheless, it has been extra resilient through the subsequent tariff battles, and the scenario appears comparable now, not less than to date. Though the cryptocurrency markets are the one ones buying and selling 24/7 and are open throughout this unstable weekend, BTC’s value has remained steady at simply over $95,000.
However, extra fluctuations are anticipated later right now as new developments unravel, the EU holds the assembly, and the futures markets open.
The submit EU Calls Emergency Assembly, Democrats Transfer to Block Trump’s Tariffs, However BTC Stays Calm appeared first on CryptoPotato.