🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
Bitcoin soared amid Trump's firm stance on the July 9 trade deadline.
Bitcoin soars due to Trump's tough trade policy Former U.S. President Donald Trump explicitly stated in an interview on June 30 that he would not extend the deadline for trade negotiations on July 9, urging countries to reach an agreement as soon as possible to avoid the implementation of new tariffs. This tough stance adds urgency to global trade negotiations and puts immense pressure on international negotiators.
Trump's trade strategy escalates tensions in the global market.
Trump was firm when discussing the July 9 deadline: "I don’t think there’s any reason to extend it." This statement is part of a broader U.S. trade strategy aimed at enhancing negotiating leverage through the threat of tariffs. U.S. Treasury Secretary Mnuchin recently emphasized America’s proactive role in global trade dialogue. Tariff policy has clearly become a key tool in driving negotiations with major trading partners, while fluctuations in global trade flows continue to profoundly impact the international trade landscape.
Trump's tough policies are not limited to verbal statements. Recent executive measures released by the White House indicate that the United States is committed to protecting its domestic companies from unfair overseas fines and sanctions, further reinforcing its dominant position in the global economy.
Market reaction to Bitcoin's astonishing surge
Trump's trade policies have triggered widespread reactions in global markets. Investors are adjusting their investment strategies in stocks, commodities, and digital assets due to concerns over tariff uncertainties. Trading patterns on global exchanges show volatility caused by policy uncertainty, and industry forums and experts express concerns about potential chain reactions in the market.
In this context, Bitcoin exhibits remarkable resilience and appeal. According to CoinMarketCap data, as of June 29, 2025, the price of Bitcoin reached $108,374.61, with a market capitalization of up to $2.16 trillion. Over the past 90 days, the price of Bitcoin has surged by 31.52%, which may be closely related to global trade tensions. Currently, approximately 19.88 million Bitcoins are in circulation, demonstrating the significant position of digital assets during uncertain times.
Echoes of History and Future Prospects
The current trade tensions bear similarities to the 2018-2019 US-China trade war, during which tariff escalations triggered severe fluctuations in the stock and cryptocurrency markets. Today, Trump's policies continue to have a profound impact on the digital asset market. Experts point out that US trade policies may further influence the development of decentralized finance (DeFi) platforms, particularly in the Asian and US markets. The European Union has also expressed concerns over Trump's cryptocurrency policies, believing that geopolitical changes could significantly impact the adoption and trading volume of digital assets.
Conclusion
Trump's firm stance on the July 9 trade deadline not only reshaped the global trade landscape but also drove a significant rise in digital assets such as Bitcoin. Against the backdrop of increasing global economic uncertainty, investor interest in cryptocurrencies continues to heat up. In the future, as trade negotiations progress and policy uncertainty persists, the Bitcoin and digital asset markets may continue to serve as a barometer for changes in the global macroeconomic environment.
Join the Techub News official community
Techub News is a local Web 3 technology media in Hong Kong, dedicated to creating a "Hong Kong leading, world-class" technology media and new media cluster.
Official website: Official Twitter: Official TG channel: APP download link:/download