Trump’s Tariff Shocks and Their Growing Impact on the Crypto Market

Trump’s tariffs shake global markets, while crypto assets gain strength. Ethereum shines with record volume driven by BlackRock’s ETF.
How Trump’s Tariff Moves Are Fueling the Crypto Market Surge

Turns in the Tariff Agenda

  • Global markets seem to be trying to fend off the latest trade measures announced by US President Trump, including a 50% tariff on imports from Brazil, which will take effect on August 1st.
  • Trump also confirmed that a 50% tariff on copper imports will be imposed from August 1st.
  • In Europe, EU Trade Commissioner Sefcovic said that significant progress has been made on the trade agreement framework and that an agreement could be reached in a few days.
  • In the climate created by Trump’s pro-crypto stance, digital assets have started to find stronger buyers. Also noteworthy was Ethereum activity, which outpaced Bitcoin yesterday with record trading volume on BlackRock’s spot ether ETF.
  • In an environment where macro developments do not have a deep impact on asset prices, the risk-taking outlook of the markets may continue to have positive effects on crypto assets. We think that the uptrend may continue with interim corrections.

For a detailed review of our twice-daily technical analysis report and the latest developments in digital assets click here.

Highlight of the Day

Important Economic Calender Data

Time News Expectation Previous
Flux (FLUX) Future Plans AMA
12:30 US Initial Jobless Claims 236K 233K
13:00 FOMC Member Musalem Speaks
17:00 US 30-Year Bond Auction 4.844%
17:15 FOMC Member Waller Speaks
18:30 FOMC Member Daly Speaks

Information:

*The calendar is based on UTC (Coordinated Universal Time) time zone.

The economic calendar content on the relevant page is obtained from reliable news and data providers. The news in the economic calendar content, the date and time of the announcement of the news, possible changes in the previous, expectations and announced figures are made by the data provider institutions. Darkex cannot be held responsible for possible changes that may arise from similar situations.

Legal Notice

The investment information, comments and recommendations contained in this document do not constitute investment advisory services. Investment advisory services are provided by authorized institutions on a personal basis, taking into account the risk and return preferences of individuals. The comments and recommendations contained in this document are of a general type. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained in this document may not result in results that are in line with you

Previous Article

Fed Minutes Show Limited Support for July Rate Cut

Next Article

Bitcoin Price Analysis: BTC Hits $112K Amid Record Institutional Inflows

Write a Comment

Leave a Comment