8-7-2025 – Bitcoin maintained stability above $108,000 today after U.S. President Donald Trump announced an extension of the tariff deadline to August 1, easing immediate concerns over escalating trade tensions. The decision follows intense negotiations with trading partners, including the European Union, Japan, and Vietnam, as the administration seeks to leverage tariffs to reshape global commerce.
The extension provides a temporary reprieve for markets, which have been volatile amid tariff uncertainties. Analysts note that prolonged trade disputes could drive investor interest toward decentralized assets like Bitcoin, seen as a hedge during economic uncertainty. Historical trends support this, with digital assets often gaining traction during geopolitical frictions.
However, extended negotiations may introduce market turbulence if talks falter, potentially impacting Bitcoin’s price stability. Crypto markets showed mixed responses, with Bitcoin declining marginally by 0.7% to $106,700 in the last 24 hours, while altcoins like Ethereum and XRP saw gains, according to CoinDesk.
The broader financial landscape remains cautious, with U.S. Treasury yields rising slightly as investors monitor trade developments. Trump’s firm stance on tariffs, coupled with warnings of higher levies for BRICS-aligned nations, adds complexity to the market outlook.Investors should watch for updates on trade negotiations and their impact on global markets, as Bitcoin’s resilience may be tested if talks stall.