Latest news: Canadian tariffs raised to 35% by Trump, is the crypto market going to collapse?

Answer: 1. The tariff issue has been finalized, with Europe, Japan, and South Korea reaching agreements on tariffs with the U.S., which Trump flaunts as an achievement. The impact of Canadian tariffs on the market is extremely limited and is expected to be digested soon.

2. The drop of ETH to around 3700 at night was due to the PCE being lower than expected, which reduced the Fed's rate cut expectations for September, but this expectation has already been digested by the market during Powell's speech.

3. Currently, BTC and ETH are considered quality assets in U.S. stocks due to the support from ETFs. The fundamentals of U.S. stocks are strong, the tariff issue has been settled, and recent earnings reports from leading U.S. companies have exceeded expectations. The view on the crypto market warming up in August remains unchanged.

# U.S. initial jobless claims # Federal Reserve interest rate decision # Crypto market decline $BTC $ETH