Bitcoin is holding steady around $108,700, showing resilience while the global markets react to Trump’s Tariffs. Bitcoin remains mostly unfazed and shows growing confidence among investors. The institutional demand also remains strong with steady ETF inflows.
President Trump shared in a Tuesday evening post that he is all set to announce new trade tariffs targeting at least 7 countries, with more to be followed later. This would spark sudden volatility across global stock markets and crypto. The letters will announce new tariffs of 25% to 40%, set to take effect on August 1, 2025.
He has warned earlier that if 14 countries don’t strike trade deals by early next month, then tariffs will jump back to the higher April levels.
Recently, he slapped tariffs of 25% to 40% on 14 countries, and it quickly impacted the crypto market. Within 24 hours, the total market had dropped 4.5% and all the major coins were trading in red. Bitcoin dipped 1.56% to just under $108,000, while Ethereum fell 1.89% to $2,535. Dogecoin saw the biggest drop, sliding 4.78%.
Stocks like Microstrategy and Robinhood also closed lower, and Bitcoin mining stocks dropped even more sharply. The impact was seen in the broader market, too. The Dow, S&P 500, and NASDAQ all dropped.
This was similar to what happened in April, when U.S.-China trade tensions sent Bitcoin below $80K and triggered major sell-offs.
Trump has also announced an additional 10% tariffs on countries that support BRICS. With more tariffs set to kick in on August 1, the crypto market could stay under pressure, and further declines are also possible.
Critics warn that Trump’s tough tariff plans could hurt the global economy and even push the U.S. toward a recession. But he has held by them and says that it’s necessary.
The U.S. just added over $350 billion in debt in a single day, hitting a new all-time high and the biggest spike since 2024. Analysts claim that this is bullish for Bitcoin and crypto as concerns over fiat stability continue to grow.
The hopes for a July rate cut have also faded from 90% to just 61%. The rising tariffs and inflation fears may keep the Fed from easing, and this could limit crypto’s upside. However, Trump claims that according to a new CEA study, tariffs had “zero” impact on inflation. He is now calling out Fed Chair Jerome Powell to cut interest rates immediately.
Bitcoin’s breakout is strong, and the market is holding up. Some analysts believe that the worst-case scenarios, including a potential war, are already priced in. With rising money supply, there could be bullish months for both crypto and stocks, targeting $120K–$130K for BTC.
For Bitcoin to stay bullish, it needs to hold above $99,000. After dipping to $107,400 to fill its CME gap, BTC now has a solid shot at pushing toward the $110K-$114K range in the days ahead.
Crypto is resilient: Bitcoin hovers around $108K, altcoins show minor pressure, and ETF inflows continue fueling optimism.
Trump’s tariffs caused short-term dips in crypto, but Bitcoin remains strong near $108K with solid ETF inflows and investor confidence.
Tariffs may limit Fed rate cuts by raising inflation fears, though Trump claims they have “zero” inflation impact per CEA findings.
The tech-savvy crypto community is abuzz with talk of Ruvi AI (RUVI), a token that…
Dogecoin (DOGE) might’ve kicked off the meme coin movement, but let’s face it—its best days…
Bitwise, a leading crypto asset manager, has identified Ethereum, Solana, XRP, and Chainlink as the…
Pi Network is back in the spotlight, not for a new milestone, but for something…
Binance CEO Richard Teng has issued a strong reminder to the crypto community: your assets…
Toncoin (TON) is trading at $2.81 currently, showing small gains with a 24-hour price gain…
