#CreatorPad Market Impact
Bitcoin plunged below $115,000 (-3%) as Trump's new tariff policies triggered widespread sell-offs. Ethereum and Solana dropped 6% and 5% respectively, while the total crypto market shed $300 billion. Over $1.1 trillion in positions were liquidated globally, reflecting heightened investor anxiety across digital assets.
Key Factors
The 10-55% tariffs target semi-finished copper and 60-90 countries, potentially restricting mining hardware access. Bitcoin's correlation with S&P500 surged to ~0.90, revealing heightened macro sensitivity. Technical indicators show bearish momentum, while crypto-adjacent stocks mirrored the downturn. Interestingly, Ethereum ETFs attracted $5 billion in July while Bitcoin ETFs saw $114 million outflows.
Trading Considerations
Monitor supply chain disruptions as tariff-driven inflation could delay Fed rate cuts. Watch mining hardware availability and hash rates, especially for proof-of-work networks. The divergence between Bitcoin and Ethereum ETF flows suggests evolving institutional preferences worth tracking during this volatility phase.
Related Insights
• Tariffs' Ripple Effect
• Market Shock Analysis
• ETF vs. Tariff Tensions
