The cryptocurrency market is facing volatility as investors await crucial updates from the Federal Reserve during its closed-door meeting. Amidst this uncertainty, former President Trump’s recent trade dispute threats with China have amplified market jitters, particularly concerning potential consequences for Bitcoin ETFs. Kugler, a member of the Fed, has highlighted concerns about tariffs’ impact on inflation. His statements suggest a likely increase in short-term inflation expectations due to tariff effects. Meanwhile, Trump warned of escalating US-China trade tensions and possible retaliatory tariffs that could significantly impact Bitcoin ETF investment flows. The market is bracing for potential withdrawals from crypto ETFs as uncertainty continues to rise.