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Cryptocurrency News Articles

Crypto Market Braces for Impact: Trump Tariffs Loom Over Digital Assets

Jul 02, 2025 at 07:49 am

The crypto market is on edge as the July 9th tariff deadline approaches. Will Trump's trade policies trigger a crypto crash?

The crypto market is bracing for potential turbulence as the July 9th deadline for renewed Trump tariffs looms. After a 90-day pause, the prospect of tariffs is injecting uncertainty into digital asset prices. Will Bitcoin and altcoins weather the storm?

Tariff Deadline Sends Shivers Through Crypto

President Trump's firm stance on tariffs is rattling investor confidence. As the July 9th deadline approaches with no sign of extension, major cryptocurrencies are feeling the heat. Bitcoin saw a dip, and Ethereum experienced a sharper decline as traders adjust their portfolios. XRP and Dogecoin also felt the pressure, highlighting the market's sensitivity to geopolitical headwinds.

Bitcoin's Price Under Pressure

Bitcoin's price dipped as the administration confirmed the tariff deadline would remain unchanged. Though Bitcoin held above key support levels, the overall sentiment shifted negatively. Ongoing trade discussions offer little reassurance as few agreements have materialized, meaning Bitcoin may remain volatile until further clarity emerges on international trade policy.

Altcoins Feel the Strain

Ethereum, XRP, and Dogecoin extended losses as trade tensions pressured the overall crypto market. These altcoins continue to face selling pressure. With few trade deals finalized and tensions rising, these assets remain exposed to policy-driven risk.

Beyond Tariffs: A Look at the Broader Crypto Landscape

While tariffs are a concern, the crypto market is also buzzing with innovation. Bitcoin and Ethereum ETFs are attracting inflows, suggesting growing institutional interest. New financial products and services, such as staking ETFs and tokenized stocks, reflect the growing sophistication of the crypto market and its increasing integration with traditional finance. However, regulatory hurdles and varying approaches to crypto adoption across different regions present ongoing challenges that must be addressed to ensure the sustainable growth of the industry.

Silver Linings and Future Outlook

Despite the tariff-induced jitters, there's optimism in the air. Arthur Hayes points out macro developments as key drivers for digital assets, while predicting a Bitcoin all-time high soon. A US-China trade deal has been signed, and the corporate race for BTC reserves has already kicked in with strong Bitcoin ETF inflows, highlighting strong institutional demand. The net inflows have already crossed $1.7 billion this week, with BlackRock’s IBIT leading the charge.

The Bottom Line

The crypto market's short-term outlook is undeniably tied to the fate of Trump's tariffs. The market is showing a cautious approach by investors as President Trump’s 90-day tariff suspension is set to expire in just 13 days, on July 9. Investors are waiting for any new trade agreements to be in place.

So, will the tariffs trigger a crypto crash? Only time will tell. One thing's for sure: the crypto world is watching closely, popcorn in hand, ready for whatever comes next.

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