Photo by Behnam Norouzi on Unsplash
Today’s market saw some turbulence, especially in the US, mainly sparked by new tariff announcements. But if you’re into crypto and bitcoin, there’s plenty to stay optimistic about. I’m here to break down exactly what happened, what it means for Bitcoin and the broader crypto space, and why patience is key right now.
US Markets Turn Red Amid Tariff Announcement
Earlier today, President Trump announced a 25% tariff on goods from Japan, South Korea, and several other Asian countries. This move shook the US markets quite a bit. Letters have been sent out to various countries with an August 1st deadline to negotiate — if talks fail, these tariffs will be enforced.
For Japan and South Korea, it seems like the 25% tariff is already a done deal, and that’s what really spooked the markets. Tech stocks and the Dow took a hit, selling off moderately. But here’s the interesting part: crypto-related stocks like Circle and Coinbase held their ground well, with some even closing the day in the green. MicroStrategy and Robinhood only saw minor dips.
Bitcoin itself barely budged, sitting steady around the $10,850 mark — roughly the same level as yesterday.
Why Bitcoin Is Holding Strong
At this stage, no one is selling Bitcoin. Sure, there might be short shakeouts caused by market makers, but the bigger picture is institutional buying continues to pour in.
Take MicroStrategy, for example. Michael Saylor is preparing to offer another $4.2 billion worth of shares to raise capital — likely to buy even more Bitcoin. This move signals strong confidence in Bitcoin’s long-term value. The buying never stops.
Now, some of you might be wondering: if the buying never ends, why hasn’t the price skyrocketed yet? The answer lies in the OTC (over-the-counter) market. Sometimes there’s a lot of supply there, sometimes less. What really matters is that Bitcoin is being taken out of circulation, reducing supply.
Eventually, the OTC market will dry up, and when these big buyers need billions more Bitcoin, they’ll have to turn to the spot market, driving prices up. So, the upward movement is coming — just be patient.
Inflation, the Big Beautiful Bill, and What It Means for Bitcoin
Another big story today was the passing of what’s been called the “big beautiful bill,” along with Elon Musk’s announcement of the “America Party,” which caused Tesla’s stock to plummet by about 7-8%, wiping nearly $70 billion off its market cap.
What I really care about is whether this new political movement will embrace Bitcoin — Elon himself hinted it might. If so, that could be a huge catalyst for adoption.
Back to the bill — despite tax cuts, overall spending is expected to rise, pushing the deficit up and increasing the debt ceiling by $4.4 trillion. That means more borrowing and printing of money, which dilutes the USD and weakens it over time.
Here’s the kicker: inflation isn’t always bad, especially if you hold hard assets like Bitcoin. Inflation erodes cash value but boosts assets with limited supply — real estate, gold, silver, copper, and of course, digital currencies like Bitcoin.
This is why the rich keep getting richer — their wealth is tied up in appreciating assets, not piles of cash. Holding Bitcoin means your purchasing power can increase over time as the dollar weakens.
What’s Next for Crypto? ETF Approvals and Market Outlook
On the regulatory front, the SEC is asking for some refiling on the Soul ETF, but it looks like approval is on track for October. I expect XRP to get approved alongside it, which would be great news for both projects.
Despite the sluggish US markets, crypto itself remained stable today, which is a good sign. I’m optimistic the rest of the week will bring upward momentum. We’ve got several key reports coming, and based on recent trends, this week could turn out to be fantastic for crypto.
Final Thoughts: Stay Patient and Keep Your Eyes on Bitcoin
It’s tempting to get rattled when tariffs shake the market or when big political moves cause stock prices to tumble. But for those holding crypto and especially bitcoin, the fundamentals remain strong.
Institutional buying continues, supply is tightening, and inflation dynamics favor hard assets like Bitcoin. So if you’re holding, keep calm and be patient — the payoff is coming.
Enjoy the good weather, keep an eye on the markets, and remember that the crypto space is evolving fast. Stay informed, stay smart, and keep stacking your sats.
Bitcoin Holds Strong Despite New Tariff Wave: What You Need to Know About Crypto and the Market. There are any Bitcoin Holds Strong Despite New Tariff Wave: What You Need to Know About Crypto and the Market in here.
