On July 9, 2025, Bitcoin remained stable at around $108,600, despite President Trump's latest tariff threats aimed at 14 nations, including key partners in Asia. This announcement included significant tariffs of 50% on copper and up to 200% on pharmaceuticals set to take effect on August 1. The CoinDesk 20 index rose by 1.8%, indicating resilience in the crypto market amidst political uncertainty. Analysts suggest that while such tariffs may raise inflation concerns, the odds of a U.S. recession have decreased, leading to nearly $1 billion in net inflows into cryptocurrency products over the past week. Meanwhile, memecoin PNUT experienced a significant surge after Elon Musk criticized U.S. authorities, resulting in a 10% jump in value. This reflects the way cultural and speculative momentum continues to influence certain altcoins. Overall, Bitcoin's dominance in the market has increased, now representing roughly 65% of total market capitalization.

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