Source: CoinGecko“In the week leading up to Trump’s reciprocal tariffs on April 2, expect market volatility, corporate lobbying for exemptions, preemptive price hikes, and global diplomatic efforts to mitigate the impact,” Ryan Lee, chief analyst at Bitget Research said in a written analysis shared with Cointelegraph.“After the tariffs take effect, anticipate inflation spikes, supply chain disruptions, and mixed job outcomes, with potential stock market shocks and retaliatory trade measures from partners like China and Canada possibly slowing US economic growth.”Meanwhile, Liquify’s d’Anethan said investors should continue monitoring traditional market developments, especially with Bitcoin’s rising correlation with traditional indexes.“With BTC’s correlation to the S&P 500 and other traditional assets, it wouldn’t be silly to discount tariffs and geopolitical maneuvering,” he said.
Since US President Donald Trump’s inauguration on Jan.20, Bitcoin (BTC) has swung from a record high of $109,000 to below $78,000 as major tariff announcements from the US and retaliatory moves from trade partners shaved off chunks of cryptocurrency market value and rattled global markets.“The back-and-forth on tariffs, with Trump sometimes tough and sometimes accommodating, has left markets in a limbo state, where few people are willing to be decidedly bullish but just as few are willing to part with their assets, fearing to be left on the side-lines at the next rally,” Justin d’Anethan, head of sales at Liquify, told Cointelegraph.
Source: CoinGeckoTariff war begins and Bitcoin racks lossesOn Feb.1, Trump signed an executive order to impose 10% tariffs on all Chinese imports and 25% on Canadian and Mexican goods, effective Feb.4, citing national emergency over immigration and fentanyl.
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