Trump is now the biggest uncertainty in the market!
He directly threw down a hard line, with the tariff negotiation deadline set for July 9, leaving only a week, and he has also threatened to terminate negotiations with Japan and impose punitive tariffs directly. As soon as this news broke, global markets were immediately shaken, and the cryptocurrency market followed suit.
What’s worse is that the U.S. 'Big and Beautiful' bill just narrowly passed in the Senate, and the House of Representatives is set to vote next. If this bill passes, U.S. debt will explode by 3.3 trillion, giving a crazy tax cut to the top 1%, but 12 million people might lose their healthcare as a result.
I dare say this operation will definitely smash the credibility of U.S. Treasury bonds, and foreign capital will certainly rush to sell off U.S. debt. A portion of the money that runs away will likely flow into Bitcoin, which in the long run is absolutely beneficial for BTC to replace the dollar's status.
But in the short term, caution is necessary! The double blow of negative tariffs and legislative risks will definitely lead to a correction in U.S. stocks, and the cryptocurrency market won’t escape either. I predict that around July 9, Bitcoin is very likely to fall below the 100,000-dollar mark again. If it actually drops, it's advisable to buy BTC in batches, but those messy altcoins should definitely not be touched; now is absolutely not the time to gamble!
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