Trump Tariffs Spark Global Crypto Market Volatility

President Donald Trump's announcement of new tariffs starting August 1, including 25% duties on imports from Japan and South Korea and potential 10% tariffs on BRICS-aligned countries, has triggered turbulence in crypto markets, causing Bitcoin to dip and investor uncertainty. Trump linked these tariffs to efforts to address trade deficits and criticized foreign military cost-sharing, while also calling for the resignation of Federal Reserve Chair Jerome Powell. Despite the market dip, experts note a historical pattern where such downturns are temporary, with Bitcoin recovering strongly after previous tariff threats. In response to the volatility, investors are seeking altcoins with strong utility and growth potential, including BlockDAG (BDAG), Injective, Render, Celestia, and Bitcoin Hyper ($HYPER), the latter being a Layer 2 solution built on Solana for fast, low-fee Bitcoin transactions. BlockDAG stands out with its low entry price, $333 million raised, and a large Summer Raffle offering up to $2 million in USDT rewards, making it attractive for potential high returns. Overall, the evolving tariff landscape under President Trump is reshaping crypto investment strategies, emphasizing assets that can withstand geopolitical and economic uncertainty.