Bitcoin crash narrative returns as geopolitical tensions mount

• Bitcoin dropped below $ 108,000 because Trump’s surprising tariffs caused a global sentiment of risks
• Delayed tariff’s deadline and fresh BRICS warnings have added more confusion to the already nervous market

The unexpected tariff threat of President Donald Trump shaken more than just diplomatic ties; Global markets also swung.

And as the pressure flows down, Bitcoin [BTC] It doesn’t look like digital gold that is often said.

Instead, it moves like any other risk asset.

Bitcoin flashes first when tariff talks about spoofes of investors

The recent Bitcoin rally suddenly stopped 7 July and dropped below $ 108,000 when global markets responded to renewed business tension.

Trigger? President Donald Trump ruling Global trade wars by announcing steep new tariffs. He imposed 25% of imports from Japan and South Korea, two American allies.

Later, Trump expanded the list to include Malaysia, Kazakhstan and South Africa, with tariffs ranging from 25% to 40%. These movements rattled the trust of investors and caused a wave of sentiment to the risk of global markets.

In response to bitcoins, often considered a risk asset, they declined sharply and behaved more like technological shares with a high beta in the middle of uncertainty. At the time of the press, however, BTC regained its step and traded for $ 108,899.

Stocks, crypto and currencies react

Fallout The tariffs were fast and extensive.

Bitcoin dropped sharply and the same day reflected the steep red candle S&P 500; Rare moment of synchronized risk behavior across asset classes.

In particular, Japanese car manufacturers were also among the first and largest victims, while the shares of Toyota and Honda decreased in the middle of the fears of retaliation measures.

Meanwhile, the US dollar rose against Jen and The Won because investors fled to relative security.

The deadline is delayed but doubt is deepened

Although the market decline was relatively mild, its timing – consistent with the fall of the S&P 500 – warns that bitcoin acts less as a hedge and rather as an indicator of global risk.

The decision of the White House to shift the expected term of the tariffs to August 1.

Instead, the sudden shift announced the press secretary Karoline Leavitt, causing more uncertainty.

Said Leavitt Reporters,

“President Trump is determined to bring mutual balance to the store, and the new timeline ensures that our partners have every opportunity to achieve fair agreements …”

Trump’s unpredictability in the shop, associated with a new threat focused on the nations aligned BRICS, had investors scratched.

Finance Minister Scott Bessnt tried to reassure the markets and said that President Trump is focused on “quality of business trades, not quantity.

Meanwhile, markets remain stuck … Waiting, watching and stiffening.