Bitcoin has remained relatively stable around $108,700 in recent days. Even President Donald Trump’s announcement of new tariffs, set to take effect on August 1, hasn’t shaken it significantly. On the contrary, Bitcoin’s stability boosts investor confidence and highlights growing institutional interest, reflected in steady inflows into crypto ETFs.
🔹 New Tariffs Target Seven Countries
On Tuesday evening, Trump revealed that the U.S. will announce new trade tariffs of 25% to 40%, targeting at least seven countries, with more potentially to follow. While he claims the move is meant to restore “fair trade,” it has raised concerns about increased volatility in global markets—including crypto.
🔹 Will History Repeat Itself?
Trump has implemented similar tariffs in the past, most notably against 14 nations. The result was immediate: cryptocurrencies and equities took a hit. Within 24 hours, Bitcoin fell 1.56% to below $108,000, Ethereum dropped nearly 2%, and meme coins like Dogecoin saw losses over 4%. Shares of crypto miners and tech companies—including a popular retail trading app—also declined sharply.
🔹 Warnings of Further Downside
Trump also announced an additional 10% tariff targeting countries aligned with the BRICS bloc. If enforced, these tariffs could exert more pressure on crypto markets, already navigating a challenging macro environment and inflationary concerns.
Critics argue Trump’s aggressive trade stance could harm the global economy and push the U.S. closer to recession. However, he insists the tariffs are necessary and “don’t impact inflation.” According to a recent CEA (Council of Economic Advisers) report, the tariffs allegedly had “zero” effect on inflation. Trump is now calling on the Federal Reserve to cut interest rates immediately.
🔹 Bitcoin as a Safe Haven?
Despite geopolitical tensions, Bitcoin has remained resilient. Many analysts believe that worst-case scenarios—including trade wars and military conflicts—have already been priced in. Coupled with expanding money supply, this sets the stage for a bullish outlook.
Analysts now see potential targets of $120,000 to $130,000 for the coming months. The key is holding above the $99,000 level. If Bitcoin can reclaim the $110,000–$114,000 range, its bullish momentum could resume in full force.
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