Markets trembled on Monday as former U.S. President Donald Trump escalated global trade tensions, sending shockwaves through traditional finance—and crypto markets didn’t escape the fallout.

📉 Bitcoin briefly slid to $107,936.08, losing its grip on bullish momentum after Trump issued sweeping tariff threats targeting Japan, South Korea, and multiple emerging markets.

📰 What Happened?

Trump unveiled plans for new 25% tariffs on Japan and South Korea, accusing both nations of unfair practices and threatening further duties on Malaysia, Kazakhstan, Laos, Myanmar, and South Africa—up to 40% in some cases.

🔁 The global response was swift:

S&P 500 dropped nearly 1%

Japanese auto stocks plunged (Toyota -4.1%, Honda -3.8%)

Investors fled to safe-haven assets

BTC retraced nearly 4% from last week’s high of $111,814

The proposed tariffs will reportedly come into force on August 1, unless renegotiated.

🕵️ Crypto as a Risk Asset?

While Bitcoin is often seen as a hedge against uncertainty, Monday’s move suggests BTC is increasingly being traded like a risk-on asset during periods of geopolitical turbulence.

BTC fell 0.74% in 24 hours

Trading volume spiked 2.04% to $26.9B, showing increased speculative activity

BTC Futures Open Interest rose 7% in the past month – signaling bullish bets still exist

However, price action remains cautious:

BTC formed a double-top pattern around $109,500

Price hovers around key support at $107,300

A break below could target $106,300 – $105,000

📊 Technical Snapshot

✅ BTC holding above 200 EMA (1H chart)

⚠️ Cluster of equal lows around $107,300 – potential liquidity sweep zone

🟢 Recovery above $109,500 could re-ignite rally toward $112,000

🔴 Break below $107K risks cascading stop losses

🧠 Analyst Insight:

> “If bulls defend $107K with conviction, we could see a rebound. But if this level breaks, expect a deeper correction. August 1 will be the big catalyst.”

🔍 Binance Takeaway: Stay Informed, Stay Strategic

Volatility is rising—but opportunity often lies in uncertainty.

With Trump’s tariff deadline set for August 1, markets across the board—crypto included—may face heightened turbulence. As always, manage your risk and stay updated via Binance Market Updates.

📈 Track Bitcoin futures and live prices directly on Binance

📲 Set alerts for $107K and $109.5K levels

---copied---

💬 What’s your play? Are you buying the dip or waiting for the breakout?

#Bitcoin #TradeWar #CryptoNews #BinanceUpdate #BTCAnalysis #TrumpTariffs #August1