📉 Crypto Wobbles as Trump Tariffs Spark Risk-Off Wave – August Kicks Off with Volatility
The crypto markets entered August on shaky ground as U.S. President Donald Trump rolled out sweeping “reciprocal tariffs” on dozens of countries — triggering a global risk-off move across financial markets.
🔻 Bitcoin (BTC) held steady near $114K, showing relative resilience… but Ethereum (ETH), XRP, and BNB each dropped 2%. Overnight, BTC touched a low of $114,110, setting off $172M in liquidations, while ETH saw $210M in forced selloffs, according to CoinGlass.
📉 Crypto stocks tumbled hard:
Coinbase (COIN) plunged 15% after a weak Q2 earnings report
Circle -4%, Galaxy Digital -2%
MicroStrategy -5%
Bitmine Immersion (ETH-treasury firm) -8%
🧠 Why the Drop? Trump’s tariffs — ranging from 10% to 41% — have reignited inflation concerns, dampening hopes for Fed rate cuts. In times of rising uncertainty, speculative assets like crypto often get hit first as investors flee to safety.
🔍 But it’s not all doom:
> “This isn’t panic selling — it’s a strategic cooldown,” says DYOR CEO Ben Kurland. “Capital is rotating away from high-risk assets as the market pauses after a red-hot July.”
📈 July Recap:
BTC gained 8%
ETH soared over 49%
ETH ETFs pulled in $5B in July inflows
BTC ETFs saw $6B net inflows, despite $114M in outflows on the last day
💡 August is historically slower for trading, with thinner volumes and higher volatility — so brace yourself.
🔥 TL;DR for Binance Square Fam:
♤. Trump’s new tariffs trigger sell pressure across markets
♤. BTC holding strong above $114K — but watch for volatility
♤. Liquidations spike across BTC and ETH
♤. Strategic cooldown or start of something bigger? Eyes on the Fed 👀
♤. ETH ETFs still crushing it in inflows — institutions are watching
#Bitcoin #Ethereum #CryptoNews #BinanceSquare #TrumpTariffs #BTC #ETH #Altcoins #CryptoMarket #CryptoStocks #DYOR
