Crypto Slips as Trump Confirms July 9 Tariffs, Bitcoin Holds $109K Support

Trump doubles down on July 9 tariff deadline, global markets on edge. When asked if he’d extend the deadline Trump said...

Written by: Arslan Butt • Thursday, July 3, 2025 • 2 min read

• Last updated: Thursday, July 3, 2025

Quick overview

Trump remains firm on the July 9 tariff deadline, causing global market uncertainty.
The crypto market is experiencing volatility and profit-taking as traders shift to lower-risk assets.
Key upcoming factors include US-Japan trade talks and macroeconomic data that could influence crypto prices.
Bitcoin's support level is critical at $109,000, with potential declines if trade tensions escalate.

Trump doubles down on July 9 tariff deadline, global markets on edge. When asked if he’d extend the deadline Trump said “I don’t think I’ll need to”. The White House is going for last minute concessions, especially from Japan.

This shows the administration’s aggressive negotiating posture even as Treasury Secretary Steven Mnuchin admitted that the 90 in 90 goal is slipping away. Result: market uncertainty and crypto is feeling it.

Crypto Market Pulls Back as Risk-Off Sentiment Builds

After a strong start to the week, crypto is getting tired. Trump’s comments added to the macro headwinds and now we’re seeing profit taking and volatility across the board.

Top Coins:

Bitcoin (BTC): $109,447, down 1.5% from Monday high
Ethereum (ETH): $2,595, up 6% daily but short term risks rising
XRP: $2.26, down 5.24% from peak
Dogecoin (DOGE): $0.174, still down 3.5%
Solana (SOL): $155.81, up 7.8% weekly
BNB: $660.75, up 1.48%

Some assets are still green but momentum is slowing. Traders are rotating into stablecoins and lower volatility assets as geopolitical and fiscal uncertainty deepens.

July 9 Looms: What Crypto Traders Should Watch

With the deadline fast approaching, crypto is on edge. The outcome of US trade talks and the Fed’s next move will determine if Bitcoin holds support or loses it.

Upcoming Catalysts:

US–Japan Talks: Still unresolved and key to near term risk appetite
Tariff Fallout: Any escalation or expansion of tariffs will trigger broader risk aversion
Macro Data: Labor reports and Fed guidance will influence crypto correlations
Capital Rotation: Defensive positioning will continue unless clarity improvesFor now $109,000 is the line in the sand. A clean break below and $106K and $105K are possible. De-escalation of trade rhetoric could re-ignite the bulls for ETH, SOL and BTC.

Conclusion:

Crypto is on edge as macro and geopolitical risks rise. Trump’s hardline stance on tariffs will keep volatility going into next week. Be nimble, watch the headlines and watch $109,000.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.