According to Crypto Rover, former President Donald Trump stated that an 80% tariff on China is 'about right.' This announcement signals potential escalation in US-China trade tensions, which could drive volatility in global markets, including cryptocurrencies. Historically, increased tariffs have caused uncertainty in stock markets and driven risk-off sentiment, often leading investors to seek alternative assets like Bitcoin and stablecoins (source: Crypto Rover on Twitter, May 9, 2025). Traders should monitor Bitcoin price action and altcoin volatility, as heightened trade conflicts may influence capital flows into digital assets.

According to Fox News, thousands gathered in Vatican City to witness the historic selection of Cardinal Robert Francis Prevost as the first-ever American pope. This unprecedented event has triggered significant attention in global financial markets, including the cryptocurrency sector, as traders anticipate potential shifts in geopolitical stability and policy directions stemming from the Vatican. Analysts note that major cryptocurrencies such as Bitcoin and Ethereum experienced a brief uptick in trading volume following the announcement, reflecting increased investor interest in safe-haven digital assets amid major global events (Fox News, May 8, 2025). Traders are closely monitoring for any further volatility or capital inflows into the crypto market as global sentiment adjusts to this milestone in religious and political history.

According to Crypto Rover (@rovercrc), President Trump has announced a 'major trade deal' news conference scheduled for tomorrow at 10:00 AM with 'a big, highly respected country.' This development is likely to influence global financial markets, particularly cryptocurrencies such as Bitcoin and Ethereum, as traders anticipate increased volatility and potential shifts in risk sentiment depending on the trade partner and deal terms. Market participants should monitor the conference closely for details that could affect U.S. dollar liquidity and global trade flows, both of which are significant drivers for crypto market performance (source: Crypto Rover on Twitter, May 8, 2025).

According to Crypto Rover, Japan has agreed to negotiate a new trade deal with the United States, potentially impacting global financial markets and cryptocurrency trading. This development could influence the yen and dollar exchange rates, thereby affecting Bitcoin and altcoin markets due to potential shifts in capital flows ([source](https://twitter.com/rovercrc/status/1912498547573862556)). Traders should watch for changes in currency pairs and liquidity in crypto exchanges as the negotiations progress.