*Trump tariff threats + "Big Beautiful Bill" = altcoin dump
Thursday was rough for altcoins as Trump double-whammy hit markets...
New tariff letters coming Friday + controversial bill passed Congress
Altcoins taking the brunt while BTC stays flat.
Classic risk-off move when macro uncertainty spikes
*Tariff threats return
Trump's announcement:
-10-12 letters going out Friday with tariff rates
-10-20% for some countries, 60-70% for others
-More letters coming "in the following days"
Market impact:
-XRP: -2.8%
-SOL: -2.6%
-DOGE: -4%
-ADA: -4%
90-day tariff freeze expires July 9th, so timing isn't coincidental.
*"Big Beautiful Bill" drama
What passed: Trump's controversial spending bill despite Musk opposition
The Musk beef:
-Called it "disgusting and repugnant" in June
-Publicly attacked Trump over Epstein files
-Bill cuts EV mandates (hits Tesla business)
Arthur Hayes prediction: Could test BTC $90K this year (down from $250K forecast)
*Why altcoins hit harder
Risk hierarchy in action:
-BTC: Stays relatively flat (digital gold narrative)
-Altcoins: Get dumped first (higher risk assets)
-Memecoins: PEPE -6.3%, leading the decline
Pattern: Macro uncertainty = flight to "safety" (BTC over alts)
*My take
Classic macro-driven sell-off. Trump creating uncertainty on two fronts:
-Trade war rhetoric returning
-Fiscal policy concerns
Altcoins always get hit first when traditional risk-off sentiment kicks in.
Reality check: 90-day tariff freeze ending was known, but markets hate reminders.
Bottom line: This feels like temporary macro noise rather than crypto-specific bearishness.
Watching to see if BTC holds while alts find support.
You buying this dip or waiting for more clarity?
