WASHINGTON — Congressional Democrats are preparing legislation to roll back President Donald Trump's tariffs, with Canadian imports among their first targets. But a 60-vote Senate threshold for overcoming a filibuster means they need bipartisan support, a hurdle that could extend the policy uncertainty crypto traders are watching closely.
Bitcoin is trading at $75,956 and reacting sharply to macro shifts. Spot Bitcoin ETF inflows hit $1.2 billion over the past two weeks, sensitive to perceived global stability and policy clarity. The Crypto Fear & Greed Index sits at 28 (Fear), reflecting cautious positioning across the market.
On-chain data shows Bitcoin exchange net flows have turned negative for three consecutive days, a signal of accumulation by long-term holders. Stablecoin inflows to exchanges remain subdued—Tether (USDT) and USD Coin (USDC) balances on centralized venues show minimal net movement over 72 hours. The pattern suggests conviction among core holders even as macro signals remain mixed, with capital neither aggressively deploying nor exiting.
A reduction in trade barriers could ease supply chain pressures and temper inflation expectations, which directly influence risk appetite across digital assets. Projects focused on decentralized finance and real-world assets—which thrive on global economic integration and reduced friction—could see increased interest if trade tensions ease. Democrats expect to introduce tariff-related bills in the House by early December, setting up a contentious debate over U.S. trade policy.
