The price of Bitcoin and other cryptocurrencies fluctuated as investors reacted to a new round of tariffs announced by the White House alongside a weaker-than-expected jobs report. Bitcoin recently traded around $115,500, down 2.1%, while Ethereum saw a decrease of 3.8% to $3,630. The U.S. added only 73,000 jobs in July, and revised figures for May and June showed much lower job additions than initially reported, leading to increased speculation that the Federal Reserve may cut interest rates. Traders raised the odds of a rate cut in September from 37% to 83%. Meanwhile, the S&P 500 and other stock indices also experienced declines. The administration's new tariffs include a notable hike on Canadian imports to 35%, while Brazil faces a 50% increase. Despite economic turbulence, analysts suggest that potential rate cuts could benefit crypto markets, with expectations for Bitcoin's price to surge if rate cuts are confirmed.

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