It is another bearish day in the market as Donald Trump (not surprising anymore) has threatened another trade war. It all came yesterday afternoon when Donald Trump released his letters to Japan and South Korea, warning them of a new 25% tariff.
Needless to say, this hasn’t gone over well with most, with journalists like Adam saying that that’s how Donald Trump treats America’s “vassal countries.”
Trump announces tariffs on Japan and South Korea. 25% each.
This is the reward they get for being loyal vassals. pic.twitter.com/udpdduQZHi
— ADAM (@AdameMedia) July 7, 2025
The tariff talks rippled across the market, dropping the Bitcoin price below the $108K mark. And while the apex crypto once again tries to find stable ground around its $107K support, investors are hoping for Donald Trump to reverse the decision or introduce some relaxing measures, like he has done in the past.
Bitcoin’s price action has clearly shown that it is still being treated like a risk asset, which means it may not be the best crypto to buy now.
Trump-Led Trade War – Another Day, Another Tariff Threat
“Donald Trump loves tariffs” won’t be a wrong statement to make, considering his Liberation Day speech led to calamity across the financial markets. And with the arrival of the latest threats, it has happened again.
While it has been done in a bid to pull America out of massive debt and create “fairer deals,” many say that it is being done without much forethought and has a “too much and too soon” look.
In the latest letter, the list of countries to face tariffs has risen, and it now includes Laos, Myanmar, South Africa, Malaysia, and Kazakhstan.
Bitcoin wasn’t the only victim of this move. US stocks fell sharply as well. The Dow was down by 0.94%, and the Nasdaq saw a 0.91% decline. Tesla has faced a steep dip too, especially since the drop has been exacerbated by the launch of Elon Musk’s America Party.
.@PressSec Karoline Leavitt on tariff deadline: "The president will also sign an executive order today, delaying the July 9th deadline to August 1st" pic.twitter.com/jMXn8cCalz
— CSPAN (@cspan) July 7, 2025
These tariffs, per the reports, will be put into effect after August 1, which is a delay from the original July 9 deadline.
This talk about tariffs has received mixed reactions from the cryptocurrency community. Some are nationalistic in their views, believing that this has to be done, while others are laughing at it.
Donald Trump’s willingness to actually implement these laws has also been put into question. They arrive too fast, shake the market, and then discussions around the laws start to cool down, which is making the market more uncertain. This could trickle down to the markets again, making even traditional finance more volatile.
Furthermore, Trump’s tariff push looks more like a targeted political move rather than something actually beneficial for the country’s economy. For instance, he threatened that all the countries aligned with BRICS would face an additional 10% tariff, which some have called a “revenge” move. If the BRICS currency gets stabilized, US sanctions will lose power.
One Big Beautiful Bill – Previous Controversial Move that Pumped Government Spending
The latest declaration of tariffs, which is intended to reduce the USA’s debt, comes just days after the announcement and approval of the One Big Beautiful Bill, which is said to reduce “non-essential” spending while also increasing spending on ICE.
Because of the increased spending included in this bill, the US is under threat of falling even deeper into debt. This creates a mixed and confusing environment around the current presidency, where there is no clear picture of where the cryptocurrency markets—or the world—will be heading.
One thing is for certain, however: institutions have started to sense something in the wind and have put a mild stop to their BTC buying frenzy.
MicroStrategy Stops its Bitcoin-Buying Spree – Signs of a Pullback?
MicroStrategy recently stopped its 3-month-long Bitcoin buying spree. Instead, the company announced on Monday that it had entered a $4.2 billion at-the-market offering for its Series A Perpetual Stride Preferred Stock.
While this was interpreted as MicroStrategy stepping back from BTC due to the recent stall in Bitcoin price movement, the reality is that the company’s $4.2 billion offering is intended to enhance its Bitcoin holdings. Perhaps the company has made this move to buy time for Bitcoin to get back on track before jumping back in.
Bitcoin Price Analysis – Another Double-Top Threatens Bitcoin’s Bullish Momentum
The trade war has had a bearish impact on the Bitcoin price. While the apex crypto was once closer to reaching its all-time high, the price has now dropped just above the $108K mark due to a 1% decline in the last 24 hours.
The 4-hour chart shows a double top, which is caused by repeated rejection of Bitcoin price around the $109K mark. This could be a sign of further lows due to weakening investor confidence. Furthermore, the chart also shows that the intraday trading volume has suffered, indicating continued caution from investors.
The $107K mark has often been the bottom point from which the apex crypto recovers, and it has usually been able to bounce at a good enough level. However, it is notable that the crypto is facing repeated rejections around the $109K mark, which could be because buyers are making a strategic exit.
This situation could flip if the BTC price makes a clean break above the $109K mark. And since a cup-and-handle pattern has already formed on the daily chart, there is a chance for the crypto to reach $147K before the year’s end.
While there could be some growth coming for BTC, currently, the tight range within which the crypto is trading means the market could go in any direction but may not cross the $110K mark anytime soon. Therefore, for most, Bitcoin may not be the best crypto to buy now.
Best Crypto to Buy Now
Bitcoin and most tokens that are currently being traded on exchanges are subject to market volatility, which means chances to make parabolic gains are few. As a result, crypto ICOs have emerged as much better options in this situation.
Bitcoin Hyper
The Bitcoin price action is so beholden to the Trump tariffs and other geopolitical conditions because of the lack of any strong utility. Its “store of value” use case may not be enough anymore, which is why Bitcoin Hyper has come up with a utility-centric solution that focuses on uplifting Bitcoin to new highs by injecting utility into the Bitcoin network.
Bitcoin Hyper is built on the Solana blockchain and is aiming to create a scaling solution for Bitcoin, which could enable BTC to be used as a utility-based ecosystem and become instrumental in the creation of decentralized applications and more.
The overall appeal of this project also lies in its meme-like approach, which involves making a superhero Pepe as the mascot. While it could make people think of Bitcoin Hyper as a run-of-the-mill, utility-feigning meme coin, the whitepaper clearly shows that the developers have put a lot of thought into what they are going to create.
While no clear tech developments have been shown on Bitcoin Hyper’s socials so far, the project has managed to raise over $2 million to date.
Furthermore, experts like Borch Crypto also admire what this project is trying to do, which could help it become a better Bitcoin alternative in the future.
Snorter
Snorter is also a meme coin on the surface, made apparent through its mascot, who is an aardvark. However, a deep analysis of the project shows that it is essentially a trading bot built on Telegram.
Designed to be an automated sniping tool, Snorter aims to provide users with the opportunity to find and invest in Solana-based tokens quickly.
This move has been taken to ensure that investors don’t miss out on fair launches, which has been the case with Solana-based meme coins in the past—most of which have gone through parabolic highs within the short term.
Security features have also been added to make the project stronger, with additions such as honeypot protection, rugpull protection, and MEV protection assisting users. And since Snorter is a Telegram app, copy trading facilities are also available to help investors engage with community-based trading.
Experts like Crypto Millie have called it one of the best options made for trenches, which could be beneficial especially during volatile market conditions.
Token 6900
Donald Trump’s tariffs, or his fallout with Musk, and even the new “revelation” that there is “no Epstein client list” all have a comedic touch to them—each of which could be considered memes that the most social meme coin projects can capitalize on. Token 6900 could be one of them.
Inspired by SPX6900, Token 6900 is a no-utility, purely social meme coin that has generated quite a bit of buzz within the cryptocurrency community through its brand of “AI slop” memes on social media.
Everything from the way the site looks to how the tokenomics are presented is memetic. There are no large promises, just erratic displays of artworks that focus on communicating that “diving too deep into utility is worthless.” While this is played up for jokes, that’s how most of the degen community feels, which is why Token 6900 could be considered a strong asset for those looking for short-term, parabolic gains.
Because of the “brainrot” nature of the token, experts like 99Bitcoins have applauded Token 6900, going as far as calling it the next 100x crypto to keep an eye out for.
Conclusion
Donald Trump’s declaration of another round of tariffs has created an ecosystem of unease in the market, which has led to the BTC price going down. This means investors looking for the best crypto to buy now should opt for crypto ICOs instead. The assets mentioned in this article are strong picks for those looking to balance the volatility of the ecosystem with the thrill of memes and the long-term viability of utility tokens.
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