According to The Kobeissi Letter, Elon Musk stated that President Trump's proposed tariffs could lead to a recession in the second half of 2025. This warning highlights potential volatility in both traditional and digital asset markets, as historical patterns show risk-off sentiment during economic downturns often leads to increased demand for cryptocurrencies like Bitcoin as alternative investments (source: The Kobeissi Letter, June 5, 2025). Traders should monitor macroeconomic policy shifts and tariff developments closely, as these factors could drive significant price action and liquidity shifts in the crypto market.

According to The White House (@WhiteHouse), President Trump has signed a proclamation increasing tariffs on steel and aluminum imports by 50% to strengthen U.S. steel production and national security (Source: The White House, June 3, 2025). This decisive trade policy move is expected to impact global commodities, potentially causing volatility in traditional markets. Historically, heightened trade tensions and protectionist measures have led to increased interest in cryptocurrencies as alternative, borderless assets, suggesting potential upward pressure on major coins like Bitcoin and Ethereum as investors seek hedges against macroeconomic uncertainty (Source: CoinDesk, 2024). Traders should closely monitor crypto market reactions, as increased U.S.-China trade friction could drive both price swings and trading volumes in digital assets.