According to industry experts, US tariffs on ASICs imported from Southeast Asia could raise costs for bitcoin miners and slow expansion in the country. Taras Kulyk of Synteq Digital stated that US hashrate growth may plateau relative to global increases, with countries like Pakistan entering the market. Miners are adapting by using secondary markets for cheaper rigs, as per Lauren Lin of Luxor Technology. Jeff LaBerge of Bitdeer emphasized that competition from AI data centers and limited ideal US locations pose larger threats, potentially eroding US mining dominance.

According to Crypto Rover, the Federal Reserve has announced that it will consider cutting interest rates later in 2025 if the economic impact of tariffs remains limited. This policy stance is viewed as bullish for Bitcoin and the broader cryptocurrency market, as lower interest rates typically weaken the US dollar and drive more capital into risk assets like crypto. Traders should watch for further developments on tariff effects and official Fed statements, as these will directly impact crypto volatility and liquidity (Source: Crypto Rover on Twitter, May 22, 2025).

According to Crypto Rover (@rovercrc), Federal Reserve Chair Jerome Powell has indicated that the economic impact of tariffs is likely larger than initially anticipated. This statement has the potential to influence cryptocurrency markets as investors might seek hedges against economic instability. Traders should monitor Bitcoin and stablecoin movements as these could react to shifts in market sentiment driven by Powell’s comments.