Tensions rise â but Bitcoin (
$BTC ) stays resilient
Crypto traders largely ignored a fresh wave of Trumpâs tariff threats, focusing instead on the broader dynamics of global trade. Bitcoin (
$BTC )dipped just around 0.7% in the past 24 hours, currently trading near $106,700, according to CoinDesk data.
Why the muted reaction?
Tariff delay offers breathing room
A proposed 50% tariff on EU importsâoriginally set to begin JuneâŻ1âwas pushed to JulyâŻ9 after a âvery niceâ call between Trump and EU Commission President Ursula von der Leyen.Temporary calm but ongoing uncertainty
Despite this delay, the 90âday pause on reciprocal tariffs (excluding China) ends JulyâŻ9 . The White House confirmed the deadline may be extendedâbut a snap back to heavy tariffs remains possible.
3. Crypto as a risk barometer
Historically, crypto has absorbed tariff-related shocksâMayâs threat triggered ~$300â500âŻM in liquidations and a swift ~3â4% dip in
$BTC .The current calm suggests markets are pricing in a possible extension or softer action.
Crypto outlook ahead
Short-term stability: With markets adapting to the reprieve, BTC has consolidated around the $106â110k band.Elevated risk toward July 9: The July deadline still looms large. Any reversalâeither back to steep tariffs or another delayâcould jolt crypto markets. Analyst Pav Hundal warns bulls may remain âtrapped in this cycle of endless tariff ultimatumsâ.
Micro Interplay matters:
Central banks, led by the Fed, are walking a tightropeâtariff-driven inflation risks could pressure rate cuts, impacting both risk assets and crypto.
đĄď¸ What Traders Should Watch
JulyâŻ9 deadline: Will Trump push it again or trigger tariffs?Inflation & Fed policy: Tariff-driven inflation could push the Fed toward unexpected action.Geopolitical spillovers: Tensions with Canada, China, and the EU may compound volatility.
Crypto markets are in standby modeâsmaller shocks anticipated until the deadline. Investors watching macro headlines may find opportunities or traps in short-term price swings.
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