Arthur Hayes warns of renewed crypto volatility on Trump tariffs
Arthur Hayes warns of crypto volatility as Trump tariff push sparks market jitters
BitMEX CEO Arthur Hayes has issued a warning to crypto investors, predicting heightened volatility ahead as President Donald Trump renews his push for unilateral tariffs, with a key deadline looming on July 9.
The warning comes amid an already jittery market that’s been unable to build on recent bullish momentum, even after the U.S.–China trade breakthrough, reports CoinGape.
“Don’t get shook,” Hayes posted on X, encouraging traders to brace for macro-driven turbulence. Hayes has long argued that major geopolitical or monetary shifts—such as a return to quantitative easing (QE)—are essential to fuel the next leg of the crypto bull cycle. But with the latest CPI data disappointing and Fed rate cut expectations fading, the near-term outlook remains murky.
Bitcoin hits resistance as inflation and trade fears cap rally
Bitcoin started the week with strength, attempting to rally past the critical $110,000 resistance, but was rejected once again, slipping 1.66% to $107,750. The pullback highlights the market’s struggle to decouple from traditional macro triggers, especially amid signs of persistent inflation and rising trade uncertainty.
The Trump administration’s renewed tariff threats—coming just days after a tentative U.S.–China deal—have triggered downturns in global equities, a drop in treasury yields, and a surge in gold prices, all pointing to risk-off sentiment. Hayes’ warning reflects the view that crypto, often touted as a hedge, may still react sharply to short-term geopolitical shocks.
Altcoins tumble, Dogecoin leads the slide
Broader crypto markets echoed Bitcoin’s weakness, with altcoins registering parallel declines. Among the top ten, Dogecoin (DOGE) was the hardest hit, falling 7% in 24 hours, while others like Ethereum and Solana saw more modest drops in the 2–4% range. Despite bullish long-term narratives—including ETF inflows and increasing on-chain activity—the near-term focus has shifted to Trump’s evolving trade posture and the Federal Reserve’s policy direction.
With additional bilateral trade negotiations reportedly underway with India, Japan, and South Korea, market participants are bracing for potential headline-driven whiplash, reinforcing Hayes’ call to remain tactically cautious but strategically bullish.
Recently we wrote that the U.S. Court of Appeals in Washington, D.C., has extended its pause on a lower court ruling that invalidated President Donald Trump’s “Liberation Day” tariffs targeting Chinese goods.
