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Bitcoin Breaks Through US$110 Thousand Again as Trump Gives Flexibility on Vietnam Tariffs
The largest crypto asset Bitcoin (BTC) has successfully breached its psychological figure of US$110 thousand today, Thursday (03/07) evening. This event coincided with the trade tariff relief granted by the President of the United States (AS) Donald Trump to Vietnam.
Specifically, Bitcoin has slightly risen by 2.1% in the last 24 hours. Nevertheless, this has had a widespread impact on other crypto assets which have simultaneously turned green.
It is known that its market capitalization has now reached US$2.1 trillion with a transaction volume of approximately US$35.8 billion. On the other hand, its supply is now beginning to diminish, with 19,886,806 out of 21 million.
As information, Trump announced that the US has reached a trade agreement with Vietnam. In the trade agreement, Vietnam pays a tariff of only 20% on all goods shipped from the US and 40% on every subsequent shipment.