Crypto and Geopolitical Tensions Lead Market Downslide

Cryptocurrency prices show a decline, with Bitcoin dropping 1.5% to $107,909, Ethereum falling 3.01% to $2,497, XRP decreasing 1.81% to $2.22, Binance Coin down 0.97% to $652.86, and Solana decreasing 3.32% to $146.47. Meanwhile, geopolitical tensions rise: Trump announced the start of mailing letters about unilateral tariffs ranging from 10% to 70% for trading partners. The US also threatened the EU with a 17% tariff on agricultural exports, with a deadline of July 9 to reach agreements before tariffs start on August 1. France criticized the 10% export tariff to the US as a 'bad deal' and called for a united EU stance in negotiations. The Central Bank of Russia stated it does not plan to invest in cryptocurrencies, citing that assets are too risky and volatile. They consider using digital assets for external settlements and access for qualified investors. In the US, a 'Crypto Week' is scheduled from July 14 to 18, during which three key laws will be considered in Congress: CLARITY (cryptomarket regulation), GENIUS (stablecoins), and Anti-CBDC (opposition to digital dollar). FTX clients from 49 'problematic' countries, including Russia, Ukraine, and China, may remain uncompensated. The petition has been filed, and funds will be returned only upon court approval. Chinese Nano Labs plans to acquire $1 billion worth of Binance Coin (BNB), producing mining equipment. Top movers include OFT (+105%), BR (+60.9%), and H (+38.1%). Significant declines are seen in IMAGE (-52.9%), LAUNCHCOIN (-21%), and ICNT (-18.8%). This summary reflects the week's key developments in markets and geopolitics, offering insight into the current financial and political landscape.