Ethereum climbs and shrugs off trade war concerns, geopolitical tensions
Ethereum rose on Tuesday amid a mixed risk appetite in the market, as the US economic growth outlook was hurt due to the trade war.
The Organization for Economic Co-operation and Development reduced its US GDP growth forecast to 1.6% in 2025, down from 2.2% in previous forecasts, and for growth to slow even further in 2026 to 1.5%.
Earlier US data showed job opportunities rose to 7.39 million in April from 7.2 in March, while analysts expected 7.11 million.
Otherwise, White House Spokesperson Karoline Leavitt said US President Donald Trump will sign an executive order today to double tariffs on steel and aluminium imports from 25% to 50%.
Ethereum
Ethereum rose 2.3% as of 21:34 GMT on Coinmarketcap to $2601.1.
US dollar climbs amid mounting trade war concerns
The dollar rose against most major rivals on Tuesday as markets closely assess the ongoing US-China trade war.
The Organization for Economic Co-operation and Development reduced its US GDP growth forecast to 1.6% in 2025, down from 2.2% in previous forecasts, and for growth to slow even further in 2026 to 1.5%.
Earlier US data showed job opportunities rose to 7.39 million in April from 7.2 in March, while analysts expected 7.11 million.
Otherwise, White House Spokesperson Karoline Leavitt said US President Donald Trump will sign an executive order today to double tariffs on steel and aluminium imports from 25% to 50%.
The dollar index rose 0.6% as of 20:35 GMT to 99.2, with a session-high at 99.3, and a low at 98.5.
Loonie
The Canadian dollar fell 0.1% against its US counterpart as of 20:57 GMT to $0.7288.
Aussie
The Australian dollar fell 0.5% against the US dollar to $0.6462.
Gold backs off four-week high
Gold prices fell on Tuesday as the dollar rose against most major rivals while traders assess the trade war.
The Organization for Economic Co-operation and Development reduced its US GDP growth forecast to 1.6% in 2025, down from 2.2% in previous forecasts, and for growth to slow even further in 2026 to 1.5%.
Earlier US data showed job opportunities rose to 7.39 million in April from 7.2 in March, while analysts expected 7.11 million.
Otherwise, White House Spokesperson Karoline Leavitt said US President Donald Trump will sign an executive order today to double tariffs on steel and aluminium imports from 25% to 50%.
Separately, the dollar index rose 0.6% as of 20:35 GMT to 99.2, with a session-high at 99.3, and a low at 98.5.
On trading, gold spot prices rose 0.6% as of 20:36 GMT to $3377.8 an ounce.
Wall Street climbs despite lower growth forecasts
US stock indices rose on Tuesday even after the Organization for Economic Co-operation and Development reduced its US GDP growth forecasts.
It now expects the US economy to grow by 1.6% in 2025, down from 2.2% in previous forecasts, and for growth to slow even further in 2026 to 1.5%.
Now investors await important US job opportunities data today, and the payrolls report on Friday.
On trading, Dow Jones rose 0.1% as of 15:51 GMT to 42,345 points, while S&P 500 added 0.2% to 5948 points, as NASDAQ added 0.5% to 19,354 points.