The cryptocurrency market has demonstrated unexpected resilience following the announcement of a 25% tariff on Japanese goods by former President Trump, set to take effect on August 1. Initially, the announcement sparked bearish sentiment among some traders, but the market has remained relatively stable despite geopolitical tensions. Bitcoin's implied volatility (IV) decreased after the tariff news, contrasting with the typical volatility spikes seen during geopolitical events. Meanwhile, Ethereum has shown strong performance without experiencing panic selling, a departure from previous sell-offs of 3% to 5% during similar announcements. Key support levels are identified at 105-100 and 107, as traders maintain a cautious yet optimistic outlook.