European equities are bracing for a rough day following fresh tariff rhetoric. The threat of new trade barriers targeting major economies is weighing heavily on market sentiment, with indices expected to open in negative territory. This kind of macro friction typically ripples across asset classes – equities weaken first, but the spillover effects often reach risk assets including crypto markets. When geopolitical tensions spike and traditional markets show weakness, investors tend to reassess their overall portfolio risk exposure. It's worth watching how this plays out through the session, as sustained pressure on traditional markets could influence capital flows and trading volumes in the broader digital asset space. The interconnection between macro events and crypto market movements remains as relevant as ever.