Trump's new tariffs shake the markets… and Bitcoin holds above $108,000

Trump imposed tariffs ranging from 25% to 40% on 7 countries starting August 1, causing fluctuations in global markets. Cryptocurrencies immediately dropped as Bitcoin fell to $108,000, but the market showed resilience. The increasing U.S. debt and the weakened likelihood of interest rate cuts are putting pressure on the markets. Nevertheless, Bitcoin continues to maintain its technical support near $99,000 with expectations of targeting $110,000–$114,000 soon.