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Bitcoin ($BTC) was influenced by President Trump's remarks on tariff refunds, briefly breaking through $107,000.
Bitcoin (BTC) once broke through $107,000 (approximately 14,943,000 KRW) showing a rebound trend under the influence of President Trump's policy statements and expectations of the U.S. government restarting, but is currently stabilizing at the level of $104,000 (approximately 14,520,000 KRW). Although there has been some pullback from the intraday high, market evaluations believe that the trend since the weekend still maintains upward momentum.
This round of rebound was triggered by Trump's announcement of a “tariff refund check” of at least $2000 (approximately 2.8 million won) for non-high-income American citizens. After the announcement of this benefit policy, Bitcoin surged rapidly on Sunday afternoon, and the next day, the news of the U.S. government restarting early further expanded the gains. Although it briefly broke $107,000 early Tuesday morning, the price adjusted again under the influence of profit-taking selling pressure.
Ethereum (ETH) fell below $3,500 (around 4.9 million KRW), while Ripple (XRP) declined to $2.40 (around 3.36 million KRW). Solana (SOL) also dropped 3.1% to below $160 (around 223,000 KRW), with most major competing coins weakening. Notably, the “Trump” themed token plummeted over 7% in a single day to below $8 (around 11,200 KRW), marking its largest decline.
The competitors with the largest increase on the day are ASTER and CC. ASTER rose 8% during the day, surpassing $1.15 (approximately 1610 KRW), while CC skyrocketed 18%, showing strong performance. Internet Computer (ICP), Mantle (MNT), Monero (XMR), Uniswap (UNI), WLFI, and others also showed relatively stable trends.
The total market value of cryptocurrencies evaporated by about $200 billion in a single day (approximately 27 trillion won), falling below $6.1 trillion (about 504 trillion won). Bitcoin's market share slightly rebounded to around 58%.
Although President Trump’s pro-market statements have provided a short-term boost to Bitcoin and some risk assets, the future trend may still depend on the specific implementation of policies and global liquidity conditions, given that market volatility remains high.