Chance of Bitcoin (BTC) Price Tanking to $75K Doubles as Trump's Tariffs Ignite Trade War
The probability of Bitcoin (BTC) dropping to $75,000 has doubled to 22% by the end of March, up from 10% last week, as a renewed trade war between the U.S. and major partners is contributing to inflation fears. The tariffs imposed by Trump on imports from Mexico, Canada, and China are raising concerns about dampened investor sentiment in the crypto market. Bitcoin's price recently fell 11% to $93,700, and there are expectations for further declines. Some experts, such as Arthur Hayes, predict a drop to $75,000 before a potential bull run. However, there is cautious optimism, as filings for spot ETFs by major players could lead to greater legitimacy and capital inflows in the digital asset industry. The Federal Reserve may also intervene to stabilize asset prices as the situation develops.
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