The #TrumpTariffs wave is shaking markets—and crypto isn't immune. Here’s the latest on how it’s unfolding:

🇺🇸 Macro & Market Impact

Wall Street turbulence: Bank of America reports that Trump’s tariff-driven uncertainty is hitting investment banking deals, even as trading revenues remain resilient – marking the 13th straight quarter of gains budgetmodel.wharton.upenn.edu+15aurpay.net+15mitrade.com+15reuters.com.

Fed on edge: The Federal Reserve has paused rate cuts, citing risks tied to Trump’s tariff policies, potentially stalling traditional and crypto markets .

📉 Crypto Ripple Effects

Bitcoin volatility: Tariff announcements triggered a ~4% crypto market dip, with Bitcoin falling under $100K amid risk-off sentiment aurpay.net+3binance.com+3cointelegraph.com+3. Analysts warn that prolonged tariff uncertainty could trap BTC in a stagnant range for months ft.com+15cointelegraph.com+15fool.com+15.

Mining strain: U.S. miners are feeling the pinch due to increased hardware costs from Chinese import tariffs—raising electricity and ASIC prices .

🔮 Long-Term Outlook

Bullish twist: Some analysts suggest sustained tariff tensions could weaken the U.S. dollar, potentially benefiting Bitcoin and driving prices toward $150K over time