Crypto Market on Alert as Trump Tariff Deadline Approaches
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The temporary 10% US tariff and 90-day pause expire on July 24 and President Trump is expected to announce new tariffs this week, prompting a risk-off sentiment for crypto. Bitcoin and altcoins are under pressure with renewed volatility and downside risk across CEX and DeFi markets, increasing short-term price risk for investors.
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- The crypto market is poised to face increased volatility ahead of the new Trump tariffs.
- President Donald Trump is expected to impose tariffs on several countries.
- Tariffs may bring a risk-off sentiment, significantly impacting crypto prices.
US President Donald Trump is expected to impose new tariffs against several countries this week. The announcement comes as the temporary global tariffs of 10% implemented earlier this year are expiring on Friday. Amid the impending Trump tariffs, the crypto market is under pressure, with Bitcoin and altcoins poised to experience renewed volatility.
How Will Trump Tariffs Impact the Crypto Market?
The crypto community is now on edge as the 90-day pause on US President Donald Trump’s tariff plans is coming to an end. With the temporary 10% tariff expiring on July 24, the president is expected to impose new tariff plans on…
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