While crypto markets have remained relatively stable in recent weeks, upcoming decisions from U.S. President Donald Trump regarding tariffs and the federal budget could make June a pivotal month for Bitcoin (BTC) and digital assets, according to a report from research firm K33. The report highlights that the 90-day tariff delay on the European Union, announced by Trump, expires on July 9, potentially creating market uncertainty. Additionally, the Republican-led “Big Beautiful Budget” plan is expected to be pushed through the Senate by July 4, making the end of June especially crucial for investor sentiment.
K33 also noted that Bitcoin retreated from all-time highs shortly after Trump’s recent tariff comments, signaling how sensitive the market is to geopolitical trade tensions. Some on Wall Street have coined the term “TACO” (Trump Always Chickens Out) to describe the President's history of backing off tough decisions—but this narrative might push Trump toward a firmer stance on tariffs, potentially adding pressure to risk assets like crypto.
On the other hand, if the “Big Beautiful Budget” passes, it could have an expansionary impact despite its projected $3.8 trillion increase in debt over a decade, which might improve overall market sentiment. Meanwhile, Bitcoin is down 3.6% over the past week, trading sideways between $104,000 and $107,000 amid ETF-related selling pressure. May saw an average daily inflow of $238 million into Bitcoin ETFs, though month-end rebalancing triggered notable outflows.
