Crypto market bottom likely by June despite tariff fears
Amid ongoing uncertainty over trade tariffs, analysts suggest there is a 70% probability that cryptocurrency markets will reach a local bottom by June. The potential stabilization could pave the way for a new upward trend in the 2025 cycle, according to Nansen analysts. US President Donald Trump's recent tariff measures aimed at reducing trade deficits may affect market sentiment, but analysts believe crypto prices, currently down from their year-to-date highs, could rebound after the toughest negotiations are resolved. In other developments, a trader turned a $2,000 investment in the memecoin Pepe into over $43 million despite significant volatility. Furthermore, the global stablecoin supply could reach $1 trillion by the end of 2025, driven by increased adoption and potential ETF developments, which may uplift decentralized finance activity. However, decentralized finance protocols saw a 27% drop in total value locked in Q1 2025 due to economic uncertainties and a major crypto exchange hack.
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