Trump declares August 1 tariff deadline ‘will not be extended’

The Street Crypto
The Street Crypto
ETH-9.61%
BTC-3.60%
XRP-4.64%
BNB-5.14%
SOL-6.51%
USDC+0.79%

Donald Trump took to Truth Social with his signature flair on Wednesday, declaring that the much-hyped August 1 deadline “stands strong” and “will not be extended,” calling it a “BIG DAY FOR AMERICA!!!”

“The August First Deadline is the August First Deadline,” Trump wrote in all caps. “It stands strong, and will not be extended. A BIG DAY FOR AMERICA!!!”

After a week of subdued action, major crypto assets are showing signs of modest decline, with the market remaining broadly sluggish.

Join the discussion with CryptosRUs on Roundtable here.

Bitcoin (BTC) hovered near $117,555, posting a minor 0.9% drop in the past 24 hours. Ethereum (ETH) followed suit at $3,757, down 1.9%, while XRP saw the biggest correction among top caps, despite holding at $3.05, it’s now 11.6% lower over the week. Solana (SOL) fell to $177.19, down 10.3% over the week, while BNB slipped nearly 5%, landing at $783.67.

Stablecoins like USDT and USDC held steady, indicating that large volumes remain parked on the sidelines—USDT’s 24-hour volume stood at a staggering $81.6 billion, nearly double Bitcoin’s.

The total market cap still floats around $2.3 trillion, largely carried by Bitcoin’s dominance.

Visit source
6.54K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.