Bitcoin Hovers Near $109K as Traders Brace for US Tariff Fallout

Crypto markets await regulatory clarity and tariff developments as volatility remains low

Bitcoin Price Holds Steady Amid Tariff Anxiety

The Bitcoin price today remains relatively flat, trading around $108,720 in early morning trading (06:25 GMT), as traders await clarity on escalating US trade tariffs and upcoming crypto regulation announcements.

Despite a modest 0.4% gain, the cryptocurrency has shown little movement since last week, as market participants remain cautious amid growing geopolitical and regulatory uncertainty.

Trump Tariffs Rattle Investor Confidence

Tensions spiked after President Donald Trump unveiled plans for aggressive new import tariffs, including:

• 50% tariffs on imported copper
• Upcoming duties on semiconductors and pharmaceuticals
• 25% tariffs on all goods from Japan and South Korea
• Up to 40% tariffs on other selected nations

Trump confirmed that at least seven more countries will face trade action soon, with the first round taking effect from 1 August.

The prospect of a global economic slowdown has led investors to reduce exposure to riskier assets like cryptocurrencies, contributing to Bitcoin’s subdued momentum.

Market Eyes Key Crypto Week in Mid-July

Investors are now looking ahead to “Crypto Week”, beginning 14 July, when US lawmakers are expected to advance three major bills concerning digital asset regulation.

These proposals could provide long-awaited clarity for the crypto industry, potentially catalysing new institutional inflows or triggering selloffs, depending on the regulatory tone.

Trump Media Pushes Crypto ETF Ambitions

In a parallel development, Trump Media & Technology Group (NASDAQ: DJT) has filed with the US SEC to launch a new "Crypto Blue Chip ETF", aiming to:

• Include top tokens such as Bitcoin, Ethereum, Solana, and Ripple
• Offer mainstream exposure to crypto without requiring direct token ownership

If approved, this would be the third ETF filing from Trump Media in recent months, signalling a broader push into crypto financial products.

Altcoins Edge Higher as Sentiment Stabilises

While Bitcoin trades sideways, altcoins have shown stronger gains:

• Ethereum up 2.6% to $2,626.69
• XRP rose 3.2% to $2.34
• Polygon surged 7.2%
• Cardano and Solana both climbed over 2%
• Dogecoin and $TRUMP tokens posted modest gains

These moves reflect selective optimism in the crypto space, despite the broader risk-off environment.

Investment Outlook: What This Means for Crypto Traders

Near-Term Uncertainty

Investors should expect low volatility until clearer signals emerge from both Washington and global tariff negotiations.

Tariff Risk

Extended trade wars could weigh on risk assets, including crypto, especially if global growth expectations weaken further.

Regulatory Clarity Could Spark Moves

Should Crypto Week legislation favour innovation and investor protections, the market could see renewed upside momentum, particularly in blue-chip digital assets.

Conclusion

With Bitcoin stuck around $109,000, the next major catalyst may come from Washington, not Wall Street. While Trump’s tariffs add short-term pressure, mid-July’s regulatory developments could shape the crypto market’s direction for the rest of 2025.

Sources: (Investing.com, SKY.com)