#TrumpTariffs Over $500–570 million in long positions were liquidated, hitting traders hard.
Profit‑taking after mid‑July ATHs (e.g. Bitcoin topping $122K) accelerated the downturn.
Many analysts see this as a short‑term correction, not amstructural collapse.
Strategic retreat hinges on macro uncertainty and trade diplomacy outcomes.
Meanwhile, China‑based mining hardware makers like Bitmain and Canaan are building U.S. production lines to dodge these tariffs.
This shift may reshape the global crypto mining supply chain long‑term.
Rising equipment costs could squeeze U.S. miners’ margins.
In contrast, stablecoin adoption is rising as firms look to hedge FX and tariff volatility.
On policy, Trump formed a Strategic Bitcoin Reserve and digital asset stockpile, using forfeited crypto.
He also hosted a White House crypto summit, appointed a “crypto czar” and eased SEC enforcement.
Industry insiders like Scaramucci expect crypto legislation and regulatory clarity to support long‑term bullish views—even targeting BTC at $200K.
Trump‑backed venture American Bitcoin (with Hut 8) has mined 215 BTC and raised $220M.
A new U.S.–EU trade deal—imposing 15 % tariffs—helped crypto prices rebound modestly earlier this week.
Meanwhile, Democrats are backing crypto bills like the Genius Act and Clarity Act to win pro‑crypto voters.
Overall, Trump's tariffs introduced acute volatility, but accompanying pro‑crypto moves and policy clarity offer medium‑term optimism.
Investors continue to watch trade talks, inflation data, and regulatory developments for guidance across crypto markets.
In summary:
The Trump‑imposed tariffs triggered sharp market corrections, liquidations,
#MarketPullback #MarketPullback #SECProjectCrypto #FOMCMeeting
