Donald Trump to Hit 7 Nations With Tariffs on Aug 1st, Will Crypto Market Crash?

Key Points

1. Bitcoin is holding steady around $108,700, showing resilience despite global market reactions to Trump's new tariffs of 25% to 40%, set to take effect on August 1, 2025.

2. Recent tariffs caused a 4.5% drop in the crypto market within 24 hours, with Bitcoin dipping 1.56% to under $108,000 and Ethereum falling 1.89% to $2,535.

3. Trump claims tariffs have 'zero' impact on inflation, citing a CEA study, and is urging Fed Chair Jerome Powell to cut interest rates immediately.

4. Analysts suggest Bitcoin could target $120K–$130K if it holds above $99,000, with potential to push toward the $110K-$114K range after filling its CME gap at $107,400.

5. Critics warn Trump's tariff plans could hurt the global economy and push the U.S. toward a recession, with further crypto market declines possible as new tariffs approach.