Macroeconomic factors have been a mixed influence. A strong U.S. jobs report (147K added in June) lifted the dollar and Treasury yields, dampening near-term Fed-cut expectations. July 9 Fed minutes showed few officials favoring an immediate rate cut, warning that Trump’s new trade tariffs could spark inflation. Markets now see the first Fed rate cut likely in September. A firm dollar (index ~97) and rising yields have weighed on BTC. Trade tensions are also rising: the July 9 deadline for pausing some U.S. tariffs approaches, and the U.S. recently doubled duties on Canadian steel/aluminum. These developments keep inflation and rate-cut risks elevated.$BTC #BinanceTurns8 $ETH