On July 10, 2025, U.S. President Donald Trump announced new tariffs that could significantly alter the situation in global markets and impact Bitcoin prices.
Tariff Announcement and Its Consequences
On July 10, 2025, Donald Trump announced the imposition of new tariffs targeting multiple countries, including the European Union and Japan. This decision raises concerns in global markets. The new tariffs are expected to increase the average U.S. tariff rate to 14.6% by August. An analysis by JPMorgan indicates potential significant changes in trade balances, which could affect market confidence and lead to investor caution.
Bitcoin's Reaction to Tariff Changes
Bitcoin (BTC) currently trades at $109,187.36, with a market cap of $2.17 trillion and a dominance of 64.05%, according to CoinMarketCap. The 24-hour trading volume reached $44.88 billion, with a price showing subtle fluctuations of 0.15% over the past day and a notable 38.00% gain over the past 90 days.
Expert Opinions on the Impact of Tariffs
The Coincu research team suggests that these tariffs could lead to long-term shifts in crypto mining economics, impacting U.S.-based operations reliant on foreign hardware. The potential for increased domestic production is noted, subject to regulatory and market adaptations. Expert consensus highlights the need for strategic adjustments to accommodate these trade changes.
The tariffs introduced by Trump could have a significant impact on the global economy and cryptocurrency markets. The temporary changes prompted by tariffs underscore the need for revisiting trade strategies and operational decisions in the cryptocurrency space.
