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#White House Crypto Report#
On Monday, the first cryptocurrency encountered a rise to $119,000, but was unable to maintain the positive trend.
By the middle of the week, Bitcoin was trading in the range of $115,000 to $118,000. Despite the strengthening after the Fed meeting, the coin began to decline amid statements by U.S. President Donald Trump regarding the imposition of 25% tariffs against India.
Starting from Thursday evening, a cascade of sales began, which brought the asset down to $112,000. At the time of writing, the coin has recovered to $113,800, having lost 3.5% over the week.
The decline in the rate was also accompanied by outflows from spot Bitcoin ETFs. A net $643 million was withdrawn from the products.
At the same time, Ethereum funds recorded positive dynamics, adding $154 million.
However, the coin itself has closely followed the first cryptocurrency over the past seven days. Considering the preceding rally, its decline was even deeper - by 8.5%.
All major digital assets have also entered the "red zone". The hardest hit were SOL (-13%) and DOGE (-16%).
The total market capitalization lost about 6% over the week, decreasing to $3.76 trillion. Bitcoin's dominance is 60.3%.