According to @KobeissiLetter, renewed trade war tensions have emerged as Trump announced potential 50% tariffs on the EU starting June 1st and 25% tariffs targeting Apple. In response, the S&P 500 has lost $1.5 trillion in market capitalization over the past five days (source: @KobeissiLetter, May 23, 2025). This sharp equity market decline has triggered increased risk aversion and capital flows into safe-haven assets, with the bond market becoming a key indicator for traders. Crypto traders should monitor these macroeconomic developments closely, as heightened volatility and risk-off sentiment could drive significant price swings in Bitcoin and other digital assets. Historically, escalated trade tensions have spurred both risk aversion and, at times, a flight to alternative assets such as cryptocurrencies (source: @KobeissiLetter, May 23, 2025).

According to Stock Talk (@stocktalkweekly), Wedbush analysts stated that moving iPhone manufacturing to the US is 'a fairy tale that is not feasible' and would drive iPhone prices up to $3,500. This comment followed President Trump's announcement on Truth Social about imposing a 25% tariff on Apple products. The potential for drastically higher iPhone prices is expected to pressure Apple’s stock and tech sector sentiment, which historically correlates with short-term volatility in crypto markets as traders seek alternative assets. Source: Stock Talk on Twitter, May 23, 2025.