Trump Tariffs Tank Traditional Markets—Bitcoin Just Shrugs

Another day, another political shockwave rattling equities—but crypto’s OG asset barely flinches. While legacy markets panic-sell over trade wars, Bitcoin’s 16-year history of surviving black swans makes this look like amateur hour.

Wall Street’s latest ’unprecedented’ crisis? Please. Bitcoin digested Mt. Gox, China bans, and the SEC’s endless theater. Tariffs are just Tuesday.

Funny how the ’safe haven’ gold trade still requires faith in the same institutions printing the inflation Bitcoin was built to escape. The more things change...

Conviction in Bitcoin faces another stress test

The 90-day tariff truce didn’t last long. 

Kicking off from the 1st of June, the reinstated 25% tariff on the EU is back—and it’s stirring up inflationary fears worldwide.

Source: The Kobeissi Letter

Naturally, bitcoin reacted with a sharp 3.79% drop, closing at $106,816. It confirms volatility has officially re-entered the chat. Exit liquidity wasn’t far behind.

Glassnode data showed over 420k BTC sat with a cost basis around $94k, one of the strongest on-chain support zones in this cycle. 

That cohort’s still sitting on roughly 14.5% in unrealized gains at current prices, making the decision to HODL or exit anything but simple.

Still, with such a dense liquidity base and only a shallow dip in price, this MOVE might be less panic — and more prep for another round of dip buying.

Just as AMBCrypto projected.

Classic investor dilemma returns amid renewed macro FUD

It wasn’t just the EU in the tariff crosshairs. Even Apple (AAPL) got hit too. 

A fresh 25% tariff targeting the $2.9 trillion titan is set to kick in from the 1st of June. While there’s still a negotiation window open, assuming Apple plays ball with Trump’s proposal, markets didn’t wait for a resolution.

The reaction? Swift and brutal.

In just five sessions, the S&P 500 bled $1.5 trillion in market cap. Meanwhile, Apple extended its losing streak, sliding nearly 8% from $212 over the past 10 days.

Source: TradingView (APPL/USDT)

Why’s this a big deal? As equities take a hit, corporate money could pivot toward Bitcoin.

With risk capital on the move, BTC stands to gain, and Michael Saylor’s vocal support only adds fuel to the fire.

Bottom line

BTC is holding steady with no signs of capitulation, signaling strong conviction. Rather than sparking panic, macro FUD is instead turning into a playground for “strategic” dip-buyers ready to pounce.