COINOTAG News reports that the current 90-day tariff suspension is set to expire on July 9th, according to K33 Research Director Vetle Lunde. President Trump aims to secure the “One Big Beautiful Bill” budget proposal from the Senate before July 4th, potentially triggering market volatility in late June. Lunde highlighted that Trump has threatened to impose a 50% tariff on the European Union, which could extend beyond the current tariff deadline. This announcement has already impacted the cryptocurrency market, with Bitcoin experiencing a notable decline from its all-time high and failing to recover since, underscoring the market’s sensitivity to geopolitical and tariff-related developments.
In parallel, K33 Research revealed that following a successful capital raise of $6.2 million to initiate its Bitcoin fund strategy, it executed its inaugural purchase of 10 BTC, valued at approximately $1 million. This move signals growing institutional interest and confidence in Bitcoin as a strategic asset amid ongoing macroeconomic uncertainties.