Bitcoin Prices Stagnate Amid Speculation Over Trump's Impact on Crypto Market

Bitcoin Resilient Amid Tariff Tensions

Despite ongoing U.S.-China trade tensions and court-driven tariff disputes that have shaken global markets, Bitcoin has maintained its position above the $104,000 threshold.

Last Friday, U.S. President Donald Trump accused China of violating a mid-May agreement to pause tariff escalation, announcing an increase in steel and aluminum import tariffs from 25% to 50%, effective June 4. This move triggered nearly $1 billion in crypto liquidations, according to QCP Capital's Monday update.

Bitcoin, however, remained steady, indicating a leverage reset rather than widespread investor panic. Currently trading at $104,158, Bitcoin has seen a modest 0.1% increase over the past 24 hours, per CoinGecko data.

Institutional Interest Remains Strong

Institutional demand for Bitcoin continues unabated. Japan's Metaplanet, for example, purchased an additional $114 million worth of BTC following the selloff, bringing its total holdings to 8,888 BTC—valued at over $925 million.

QCP Capital observed that "risk reversals have begun to normalize… [and] perp funding has turned flat," suggesting limited short-term price volatility. With no major policy developments expected before July 8, BTC may remain rangebound between $100K and $110K, the firm noted.

Expert Insights on Tariff Impacts

• Arthur Azizov, founder and investor at B2 Ventures, told Decrypt that while tariff-related headlines contribute to market turbulence, they don't signal a structural shift. He explained, "The tariff is likely to trigger some market volatility, particularly in risk assets like crypto," but added, "it doesn't necessarily mean we'll see a sharp immediate drop in Bitcoin or other digital currencies."
• Azizov also pointed out that repeated tariff announcements, delays, and policy reversals have caused market swings, but for long-term investors, "it hasn't made a huge difference in the big picture."

China Responds to Trump's Claims

On Monday, the Chinese Embassy in Washington issued a statement from China's Ministry of Commerce, dismissing Trump's accusations as "groundless" and warning of "forceful measures" in response. The ministry asserted that China had adhered to the Geneva agreement, while the U.S. imposed "discriminatory" actions, including AI chip bans, visa revocations, and software restrictions.

While U.S.-China tensions continue to fuel market volatility, experts emphasize that long-term Bitcoin investors may remain relatively unaffected by these short-term fluctuations.