After a strong start of the week, the feeling of the market took a net turn while the traders adopted a more cautious tone. Early excitation around Pump. The fun pump token quickly cooled after Gate.io mysteriously removed his announcement as a presale, who had briefly teased a goal of $ 600 million for July 12.
Meanwhile, Bit Digital made waves by selling all its Bitcoin holders and moves all its treasure towards Ethereum, now holding more than 100,000 ETH worth $ 254.8 million, making it one of the greatest public ETH holders.
But the real shock came, while the cryptography market plunged 4.5% after unexpected price letters from President Trump at 14 countries. Bitcoin, Ethereum and in particular Dogecoin have dropped, the benefits propagating to the actions of Crypto and the wider markets, triggering a renewed anxiety of investors.
Prices target 14 nations – more to come
The new prices, going between 25% and 40%, will take effect on August 1, 2025. Countries like South Korea, Japan, Malaysia and South Africa were among the first to receive opinions. Trump justified prices in response to persistent trade deficits, warning new increases if the reprisals follow.
However, criticisms like the economist Peter Schiff say that these measures completely lack the brand. According to Schiff, the question lies more to American competitiveness than unjust foreign practices.
While many agree with Schiff, other crypto users think that countries like South Africa and Malaysia are intended to line up on the BRICS and China, while pressure on Japan and South Korea aims to obtain loyalty in key supply chains. The war of price 2.0 becomes more intense.
Hopes of drop in rate fades as uncertainty increases
Adding to chaos, the hopes of a drop in rate of the Fed appear. The CME Fedwatch tool shows the chances of a reduction by September 61.9%, down from 90% just a few weeks ago. Yields increase independently of news from the trade war, reporting that deficit spending is now directing the economy.
With prices that should start in August and the cryptography market already reacting harshly, traders are preparing for more turbulence to come.
Implications for cryptography
The uncertainty of tariff deadlines has shaken the confidence of investors, weakening the overall appetite for risk, something on which cryptographic markets are strongly resting. Consequently, the price action remains jerky, most Altcoins are already struggling to take momentum.
Bitcoin (BTC) gained a 1.56% drop below the bar of $ 108,000. After having settled at $ 107,000. Ethereum has dropped slightly at $ 2,554, while XRP and Polygon jostled the trend with modest gains. Meanwhile, Dogecoin and Solana saw deeper losses.
For the future, investors are concentrated towards the next “crypto week” from July 14, when the main American bills such as Clarity Act and the Act respecting the anti-CBDC surveillance law could shape the next regulatory chapter for digital assets.
Stocks and minors join the slide
It was not only the crypto that felt the bite; Stocks have also taken a fall. Bitcoin minors have experienced high decreases, and actions related to technology such as microstrategy and Robinhood fell 2% and 1% respectively. The Dow Jones fell 422 points, while the S&P 500 and the NASDAQ also closed lower.
