So, guess who’s back at it again? Yep, our favorite Twitter king, Donald Trump, is preparing to drop some brand-new unilateral tariffs. Because, obviously, the world doesn’t have enough problems already. And in case you missed it, this is happening right after the U.S.-China trade deal went… well, let’s just say ‘iffy.’ But hey, what’s a little more chaos in global trade, right?
And guess what? The markets are already feeling the burn. Crypto? Oh, crypto’s feeling it too. Surprise, surprise. 💥
Global Sell-Off: Hold on Tight, Things Are About to Get Bumpy
Trump’s tariff plan? Yeah, it’s causing a mini meltdown across the global markets. European and U.S. stock futures are taking a dive, and investors are now clutching their pearls, preparing for more trade drama. Classic.
The dollar’s sulking, gold’s feeling fancy with a nice little surge, and Treasury yields? Yeah, they’re tumbling down faster than my patience on a Monday morning. Investors are jumping into safer assets like they’re diving into a pool on a scorching hot day. 🏊♂️
And Arthur Hayes, founder of BitMEX, is like the town crier here. He tweeted, “Don’t get shook,” which, honestly, is probably the best advice you’ll get all week. Prepare for some serious crypto turbulence, my friends.
Don’t get shook.
— Arthur Hayes (@CryptoHayes) June 12, 2025
Bitcoin Can’t Even Handle the Drama: Below $110K, Yikes
Bitcoin started the week like it was going to the moon, but nope. The $110,000 resistance level slapped it right back down. Now, it’s down 1.66% and barely clinging to $107,750. Sigh.
Altcoins? Oh, they’re not doing any better. Dogecoin’s having a full-on meltdown, dropping 7% in just 24 hours. Seriously, Dogecoin, what are you doing?
Even when the U.S. CPI came in lower than expected, it didn’t give anyone a reason to smile. Traders are increasingly cautious, and who can blame them? We’re all just waiting for the other shoe to drop. 🤷♀️
And Wait, There’s More!
Not content with only causing chaos with tariffs, Trump’s also pushing for trade deals with countries like India, South Korea, and Japan. Because why not stir the pot even more? These moves could definitely make the global trade scene even messier. Go big or go home, right?
Hayes: Buckle Up, It’s About to Get Wild
Arthur Hayes has been calling for the Fed to swap from tightening to easing like it’s his full-time job. But with inflation still lurking around and interest rate cuts looking like a distant dream, that switch is probably a no-go for now. Not great for crypto fans.
With Trump shaking up traditional markets, crypto’s in for even more of a rollercoaster ride. Hayes is warning us—brace yourselves, things are about to get even crazier than your ex showing up at a party you’re at. 🤯
The Bottom Line: Get Ready for the Ride
Trump’s tariff plan is causing enough chaos to put a Netflix thriller to shame. Equities, the dollar, and now crypto are all on the edge. As the July 9 deadline looms, buckle up, because it’s going to be a bumpy ride. Hold onto your wallets, folks, we’re in for some turbulence. 🚨
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2025-06-12 13:10