Tensions rise — but Bitcoin ($BTC ) stays resilient
Crypto traders largely ignored a fresh wave of Trump’s tariff threats, focusing instead on the broader dynamics of global trade. Bitcoin ($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 imports—originally set to begin June 1—was pushed to July 9 after a “very nice” call between Trump and EU Commission President Ursula von der Leyen.Temporary calm but ongoing uncertainty
Despite this delay, the 90‑day pause on reciprocal tariffs (excluding China) ends July 9 . The White House confirmed the deadline may be extended—but a snap back to heavy tariffs remains possible.
3. Crypto as a risk barometer
Historically, crypto has absorbed tariff-related shocks—May’s threat triggered ~$300–500 M in liquidations and a swift ~3–4% 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 $106–110k band.
Elevated risk toward July 9: The July deadline still looms large. Any reversal—either back to steep tariffs or another delay—could jolt crypto markets. Analyst Pav Hundal warns bulls may remain “trapped in this cycle of endless tariff ultimatums”.
Micro Interplay matters:
Central banks, led by the Fed, are walking a tightrope—tariff-driven inflation risks could pressure rate cuts, impacting both risk assets and crypto.
🛡️ What Traders Should Watch
July 9 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 mode—smaller shocks anticipated until the deadline. Investors watching macro headlines may find opportunities or traps in short-term price swings.