Even as traditional markets retreat from new trade tensions caused by Donald Trump, Bitcoin continues the company to $108,700. The U.S. president marks plans to raise tariffs on imported goods, which could be as high as 50%, citing continued EU frictions over technical regulations.
The rhetoric lowered Asian stocks by four meetings, lowered Asian stocks, pushed copper futures to London, and dragged our stock futures into the red.
However, some believe that Bitcoin is still rare, suggesting that crypto investors either discount macro noise or see BTC as an increasingly isolated global policy risk.
“Bitcoin has a slight decline from Trump’s tariff plan, demonstrating the resilient nature of digital assets and the confidence of long-term investors,” Hashkey Capital director Han XU said in a Telegram message. “We will continue this trend even in short-term volatility.”
Still, these levels are hesitant.
“Buyers are quickly putting down steam,” noted FXPRO’s Alex Kuptsikevich. “BTC keeps falling close to $110,000, while the 50-day moving average attracts down buyers, but sellers are just as active.”
He added that overall market cap, while still growing 1.8% in a week, has fallen 0.6% to $3.35 trillion in the past 24 hours, indicating another “indecision”.
Even if the inflow of encrypted ETFs continues, this chopping feeling remains. Coinshares reported a 12th straight week of net inflows, which will receive nearly $1 billion in cryptocurrency funds last week, with those amounts exceeding Bitcoin.
Ether tracked products brought in $226 million, Solana $22 million and XRP $11 million. The total amount of ETF assets under management reached US$188 billion.
But under the hood, there are signs of fatigue. According to data from the block, Bitcoin’s chain activity and implicit volatility have dropped to a minimum in nearly two years.
GlassNode calls it a “summer break”, pointing to factors that may trigger sharper movements between long-term holders and the continued increase in concentrations of unrealized gains, or if the emotional twists turn.
Despite the lack of motivation, the market is still at a solid risk, just so nervous.
“Capital continues to get rid of the 200-day moving average, which suggests that the market is still inclined to be bullish. However, any change in tone can lead to quick profits.”
