Tech News
LAST UPDATE: July 9, 2025
Bitcoin Slips. How Cryptos Are Weathering the Tariffs Storm.
Bitcoin dropped about 0.7% to $108,292 amid concerns over looming U.S. tariffs. Other cryptos—Ethereum, Solana, XRP—also saw slight losses. The decline, however, hasn’t rattled crypto bulls. Murky trade signals and a pause from MicroStrategy—the largest corporate BTC holder—added to pressure (barrons.com).
Insight
The crypto market remains tightly tied to broader risk-on assets, especially tech stocks affected by trade policy. While tariffs contribute to short-term jitters, investor confidence seems to hinge more on fundamentals than headlines. MicroStrategy’s pause highlights how big holders can influence market sentiment.
Trump Media Furthers Push Into Crypto With Third ETF Filing
Trump Media & Technology Group has filed with the SEC for a “Crypto Blue Chip ETF” that would include Bitcoin, Ether, Solana, Cronos, and XRP—70% in BTC. This marks the company’s third crypto ETF attempt .
Insight
The move signals increasing institutionalization of crypto, tied to political and regulatory ambitions. With SEC guidance shifting under this administration, Trump’s repeated ETF filings underscore momentum toward mainstream acceptance, though they may raise conflict-of-interest concerns.
