Donald Trump gave Russia ultimatum #TrumpTariffs $BTC $ETH $XRP until August 8 to agree to a ceasefire in Ukraine.
If not, he threatened to impose 100% tariffs on Russian exports.
He also warned countries like India and China to reduce trade with Russia or face secondary tariffs.
🔗 Trump's Ultimatum - Reuters
RUSSIA's RESPONSE:
Russia rejected Trump’s deadline, calling it “political theater.”Dmitry Medvedev warned of "serious
consequences" if the U.S. interferes further.Russia hinted at tightening energy supplies and strengthening ties with China and BRICS nations in response.
IMPACT ON CRYPTO:1. Investor Reaction:Bitcoin (BTC) dropped slightly (−1.2%) due to geopolitical uncertainty.
Altcoins like ETH, SOL, and XRP saw small sell-offs as traders moved tosafer assets.2. Flight to Decentralized Assets:
Some investors are hedging against currency risks by moving to stablecoins (USDT, USDC).On-chain data shows minor spikes in Russian ruble to crypto conversions.3. Potential Long-Term Impact:If U.S. enforces tariffs and sanctions aggressively:
Russia may increase use of crypto for trade bypass (like stablecoins or
CBDCs).
Crypto may gain further adoption in sanctioned or isolated markets.
But regulatory risks may rise in the U.S. and EU to monitor such flows.
Trump’s Action Gave Russia Aug 8 deadline, threatened 100% tariffs
Russia’s Response Rejected it, warned of consequences, hinted energy retaliation
Crypto Market Reaction Slight BTC/Altcoin dip, rise in stablecoin use in Russia
