Bitcoin Holds Strong Near $108.7K Amid Trump’s Tariff Threats

Bitcoin is showing resilience near $108,700, shrugging off market jitters triggered by former U.S. President Donald Trump’s renewed push for tariffs of up to 50% on imports, targeting tech policy tensions with the EU. While global equities fell—sending Asian stocks lower for the third time in four sessions and dragging U.S. futures and copper prices into the red—Bitcoin remained steady, signaling investor confidence in its long-term value.

Han Xu, Director at HashKey Capital, noted that Bitcoin's minor dip despite heightened geopolitical friction “showcases the digital asset’s resilient nature.” FxPro’s Alex Kuptsikevich added that while BTC continues facing resistance near the $110,000 level, dip-buying interest around the 50-day moving average reflects ongoing bullish sentiment, even as sellers remain active.

Despite a 0.6% drop in total crypto market capitalization in the past 24 hours to $3.35 trillion, the market is still up 1.8% for the week. Crypto ETFs also reflect sustained investor interest, with CoinShares reporting its 12th straight week of net inflows. Nearly $1 billion flowed into crypto funds last week, including $790 million into Bitcoin, $226 million into Ether, and $22 million and $11 million into Solana and XRP, respectively. Total ETF assets under management now stand at a record $188 billion.

Still, concerns linger. On-chain metrics suggest waning momentum, with Bitcoin’s trading activity and implied volatility at two-year lows. Glassnode called the trend a “summer lull,” noting lower volumes and a growing number of unrealized gains among long-term holders—a setup that could lead to sharp price moves if sentiment shifts.

While the market leans bullish, analysts caution that any shift in tone could trigger swift profit-taking.