#TrumpTariffs The looming U.S. tariff campaign under former President Trump is casting a shadow over global markets and stirring renewed interest in digital assets. On July 9, the initial 10–50% tariffs were set to kick in after a 90-day pause—but recent messaging moves this to August 1, with potential rates reaching up to 70%, especially for BRICS-aligned nations. This policy shift, coupled with tariff letters being dispatched to around 100 trade partners, is fueling uncertainty.

Crypto markets have responded with bouts of volatility. Bitcoin recently surged to $108 944, just ~3% shy of its all-time high, driven partly by traders shifting away from equities in the face of increasing trade tensions. However, analysts caution that the prolonged tariff “ultimatums” pose the biggest bearish risk to Bitcoin in the next two months—Bitcoin bulls could slump below $100K if uncertainty grinds on.

Institutional flows into crypto ETFs and expectations of Federal Reserve rate cuts are also steering interest toward digital assets, offering some support amid trade jitters. That said, history suggests tariff announcements typically drag BTC and ETH prices—April tariffs triggered a ~5% drop in BTC and ~20% in ETH.

Interestingly, miners are adapting. Major Chinese rig makers like Bitmain, Canaan, and MicroBT are establishing U.S. production to circumvent tariffs—a structural shift that could stabilize mining supply chains.

Bottom line: Tariff policy is proving to be a double-edged sword—sparking short-term crypto rallies on equity-hedge plays, but sowing volatility and downside risk if deadlines slip or escalate. Ambiguous deadlines, high potential rates, and global trade frictions keep crypto markets on high alert.