Bitcoin Price Falls from Daily High After Trump Confirms No Trade Deadline Extension
Bitcoin’s value has slipped from its intraday peak of $109,100 after former President Donald Trump announced he would not be extending the August 1 trade deadline.
Key Points:
- Bitcoin (BTC) pulled back from its daily high of $109,198, now hovering around $108,400.
- The decline followed Trump’s statement that reciprocal tariffs will go into effect on August 1 as planned, with no delays.
- The cryptocurrency briefly rallied to over $109,000 before retreating and is now testing the key $108,000 level again.
Trump posted on Truth Social that letters have been sent to multiple nations—including Japan and South Korea—making it clear that the new tariffs will be implemented on schedule. He emphasized that the August 1 deadline is final, and no extensions will be offered.
As reported by CoinGape, the announcement triggered a market reaction that saw Bitcoin briefly dip below the $108,000 psychological level. Although the market initially rebounded as traders tried to shake off concerns of a looming trade conflict, Trump’s firm stance is contributing to renewed uncertainty and could fuel further volatility as the deadline nears.
