Bitcoin ETF Inflows Halted After 10-Day Streak—Trump Tariff Chaos Spooks Investors
Wall Street’s crypto honeymoon hits a snag as Bitcoin ETFs bleed out for the first time in nearly two weeks. Blame? The usual suspect—political volatility.
Trump’s latest tariff tantrum sends shockwaves through risk assets. Suddenly, that ’digital gold’ narrative looks a bit tarnished when macro winds shift.
Funny how fast ’institutional adoption’ talk fades when hedge funds need to rebalance their political risk spreadsheets. The market giveth, and the market panic-selleth.
Markets react
In response, Bitcoin’s (BTC) price dipped, touching a session low of $105,332 on May 30 before recovering slightly to just above $106,000. That’s a 1.7% decline in 24 hours, although the top cryptocurrency still sits within 5% of its all-time high of $111,891, hit earlier this month.
Crypto-related stocks had a mixed day. Coinbase (COIN) slid 2.14%, while MicroStrategy (MSTR) managed a 1.7% gain. Bitcoin miners also took a hit with Bitfarms (BITF), Bit Digital (BTBT), CleanSpark (CLSK), and Greenidge (GREE) all dropping by around 3-5%.
Meanwhile, traditional U.S. equities also gave back most of the gains they saw after the initial court ruling blocking Trump’s tariffs. With legal uncertainty still looming, markets across the board seem to be shifting into wait-and-watch mode.
“The recent activity appears more indicative of a correction rather than a bearish reversal,” Ruslan Lienkha, chief of markets at YouHodler, told crypto.news, adding that Bitcoin will likely continue tracking major U.S. tech indices in the medium term due to their shared sensitivity to macroeconomic factors like interest rates and liquidity.
However, he added that “this correlation may gradually weaken over time” as Bitcoin continues to evolve into a more mature asset class with its own unique market drivers
“Given these dynamics, it is likely that BTC will continue to trade within this range for some time, potentially building a solid foundation for the next leg higher toward a new all-time high.”
