As the July 9th deadline for new trade agreements approaches, President Donald Trump has confirmed that no extension is on the table. His firm stance on tariffs has triggered immediate turbulence in the crypto market, with major digital assets like Bitcoin and Ethereum taking a significant hit.

🔹 Trump’s Unyielding Message:

Speaking at a press conference, President Trump made it clear he doesn’t intend to delay the implementation of new tariffs. Despite ongoing talks with countries like Japan, his administration continues to threaten import duties unless deals favorable to the U.S. are secured.

🔹 Domino Effect on Crypto Assets:

Markets reacted swiftly. Bitcoin dropped by over 1.5%, Ethereum fell nearly 4%. Altcoins suffered even steeper losses—XRP fell to $2.17 (-5.24%) and Dogecoin dipped 3.5% to $0.75. Investors have taken a defensive stance as macroeconomic uncertainty deepens.

🔹 Mounting Economic Anxiety:

Trade policy, geopolitical risks, and the protectionist tone from the White House are bleeding into crypto sentiment. With tariffs looming and no signs of compromise, market volatility is on the rise and investor confidence is eroding.

🔹 Stalled Trade Negotiations:

Trump’s team is struggling to finalize meaningful trade deals. The goal of signing 90 agreements in 90 days now appears unrealistic. Treasury Secretary Scott Bessent admitted that this ambitious timeline is unlikely to be met. Talks with Japan have stalled, and although deals have been reached with China and the UK, many critical issues remain unresolved.

🔹 What’s Next:

Ongoing uncertainty fueled by Trump’s hardline tariff agenda is raising fears of broader economic fallout and market destabilization. Unless a diplomatic breakthrough is reached soon, the crypto market could face further turbulence in the coming days.



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