#TrumpTariffs Market Turbulence: Crypto Feels the Tariff Heat

President Trump has announced a renewed wave of unilateral "reciprocal" tariffs, ranging from 55% on Chinese imports to fresh duties on the European Union scheduled for July 1

. These sweeping measures impact sectors heavily tied to global supply chains—namely tech and finance—and have rippled into the crypto space.

Following the March 4 tariff rollout, Bitcoin plunged to the low $80K range, and even high-tier altcoins like Ethereum and XRP dropped significantly

. Analysts at Cointelegraph warned that until tariff uncertainty ends, “Bitcoin bulls’ biggest threat is… endless tariff ultimatums,” putting gains for the next two months at risk

cointelegraph.com

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⚠️ Volatility in Focus: Short-Term Pain vs Long-Term Gain

While short-term dips have rattled sentiment, many experts view this as a rebalancing opportunity. PYMNTS described the market's reaction as “tariff turbulence,” where temporary drops mask crypto’s fundamental resilience . Meanwhile, analysts at FinanceMagnates suggest longer-term benefits: weakening dollar pressure from tariffs could propel Bitcoin to as high as $150K

financemagnates.com

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🧭 Global Trade Dynamics & Crypto Correlation

This isn’t an isolated shock. The convergence of record-highs in U.S. stocks, gold, and Bitcoin—driven by a weak dollar (down 9.1%) and risk-on investor flows—is a macro snapshot of how assets respond in tandem to geopolitical and trade policy shifts

marketwatch.com

Additionally, Trump’s ongoing 90-day pause on tariffs—set to end July 9—is likely to be extended for countries engaging in “good-faith negotiations,” offering a possible de-escalation path

. This reprieve could ease pressure on risk assets like crypto.

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