- Bitcoin fell below $ 108k, because Trump’s surprise rate threats caused the global risk-off sentiment
- A delayed tar love and fresh Brics -warnings added more confusion to an already nervous market
President Donald Trump’s unexpected tariff threats have shaken more than just diplomatic ties; They have also turned the world markets upside down.
And while the pressure drips down, bitcoin [BTC] Does not look like the digital gold that it is often claimed.
Instead, it shrinks as any other risk -active.
Bitcoin first blinks while the rate spoof investors spoof
The recent meeting of Bitcoin suddenly stopped on July 7 and dropped under $ 108,000 when the global markets responded to renewed trade tensions.
The trigger? President Donald Trump Reigned fears From a worldwide trade war by announcing steep new rates. He imposed 25% tasks for import from Japan and South Korea, two of the American allies.
Source: X
Later Trump expanded the list with Malaysia, Kazakhstan and South Africa, with rates ranging from 25% to 40%. These movements rattled the trust of investors and led to a wave of risk-off sentiment in the global markets.
In response, Bitcoin fell, often seen as a risk-active, sharp and behaved more like a tech supply with a high beta in the midst of uncertainty. At the time of the press, however, BTC his pass and traded at $ 108,899.
Respond shares, crypto and currency
The consequences of the rates were fast and wide.
Source: TradingView
Bitcoin fell sharp and reflected the steep red candle of the S&P 500 that same day; A rare moment of synchronized risk-off behavior between activa classes.
Source: TradingView
In particular, Japanese car manufacturers were also one of the first and biggest victims, with shares of Toyota and Honda that are tumbling for fear of retaliation trading measures.
In the meantime, the US dollar rose against both the yen and the won, while investors fled to relative safety.
Deadline delayed, but the doubt is deepened
Although the market dip was relatively mild, the timing – coinciding with the slump of the S&P 500 – warns analysts that Bitcoin behaves less as a hedge and more as an indicator for worldwide risk.
The decision of the White House to push the expected tar liefadline until 1 August did little to illuminate the nerves.
Instead, the sudden shift, announced by press secretary Karoline Leavitt, caused more uncertainty.
Leavitt told Reporters,
“President Trump is determined to bring mutual balance to act, and the new timeline ensures that our partners have every opportunity to reach fair agreements …”
Trump’s unpredictability on the trade, in combination with a new threat aimed at Brics-Uitgewelde countries, had investors scramble.
Treasury Secretary Scott Bessent tried to calm markets and stated that President Trump is focused on ‘the quality of trade agreements, not on quantity.
For now, markets are stuck … waiting, watching and making.