Arthur Hayes hinted that the tariffs to be implemented by Trump will lead to fluctuations in the crypto market.

Gate News bot news, due to U.S. President Trump's plan to unilaterally impose tariffs before the July 9 deadline, industry KOL Arthur Hayes predicts significant fluctuations in the future cryptocurrency market. Despite breakthroughs in the China-U.S. trade protocol, the market still faced some selling pressure in the past 24 hours. Additionally, the lower-than-expected U.S. consumer price index data also failed to act as a catalyst, unable to push the Bitcoin price above the resistance level of $110,000.

In the past two months, global macro uncertainty and Trump's tariff war have affected the trends of Crypto Assets and other risk assets. Previously, Hayes stated that it was time for the Federal Reserve to shift from quantitative tightening (QT) to quantitative easing (QE). However, recent data from the US consumer price index shows that inflation concerns still exist, and expectations for a Federal Reserve interest rate cut have further declined.

According to Bloomberg, U.S. President Trump has once again promised to implement unilateral tariffs within the next one to two weeks, which has reignited trade tensions shortly after the U.S. and China reached an agreement.

This statement led to a decline in global markets, with European and US stock index futures both retreating. As investors turned to safe-haven assets, the dollar also weakened. Meanwhile, US Treasury yields fell, reflecting an increase in the cautious sentiment among Crypto Assets market traders.

In addition, the Trump team is also working to reach bilateral agreements with other important economic partners such as India, South Korea, and Japan.