Global Trade Moves Shake Cryptocurrency Markets

Key Points

1. Cryptocurrency investors anticipated the end of tariff chaos on July 9, but market volatility continued.

2. Trump's tax law approval and economic policies, including weakening the dollar and shifting production back to the U.S., are impacting markets.

3. Potential secondary sanctions for Russia and tariff reductions by the EU could further influence cryptocurrency volatility.

4. By the end of the following week, up to 200 different tariffs may shake the cryptocurrency climate.

5. Agreements with Japan, Indonesia, and Vietnam have favored the U.S., adding to market excitement.