According to The Kobeissi Letter, US tariff revenue reached a record $22.3 billion in May 2025, up from $16.5 billion in April, with customs and excise taxes more than doubling over the last two months (source: @KobeissiLetter on Twitter, June 2, 2025). Year-to-date collections now total approximately $67.2 billion, signaling intensified trade policy. For cryptocurrency traders, heightened tariffs often signal macroeconomic volatility, potentially impacting USD strength and risk sentiment. Historically, increased tariffs and trade tensions have driven safe-haven flows into Bitcoin and other major cryptocurrencies, as investors seek to hedge against fiat currency risk and inflation. Traders should monitor further US trade policy actions, as sustained tariff hikes could trigger increased crypto market volumes and price movements.