According to Crypto Rover, former President Donald Trump has stated that tariffs on China could potentially be reduced, which is seen as a bullish signal for Bitcoin. Lower tariffs may ease global trade tensions and support risk-on assets, historically leading to increased capital flows into cryptocurrencies like Bitcoin. Traders are monitoring this development as reduced economic friction between the US and China could improve global liquidity and investor sentiment, potentially driving Bitcoin price momentum higher (source: Crypto Rover on Twitter, May 8, 2025).

According to @StockMKTNewz, Paul Tudor Jones stated on CNBC that the stock market is likely to hit new lows even if former President Trump reduces China tariffs by 50%. This bearish outlook signals persistent macroeconomic headwinds, which could increase volatility across traditional equities and spill over to the cryptocurrency market. Historically, negative stock market sentiment has led to higher crypto trading volumes as investors seek alternative assets (Source: CNBC via @StockMKTNewz, May 6, 2025).