Analysts from Nansen have stated that global trade war concerns are significantly affecting both crypto and traditional markets, expecting pressure to persist until at least early April. Since US President Donald Trump announced import tariffs on Chinese goods on January 20, Bitcoin's price has dropped over 17%. Nicolai Sondergaard, a research analyst, mentioned that the resolution of tariff issues could be a major market catalyst after April 2, which is when new reciprocal tariffs by Trump will take effect. Meanwhile, high interest rates also affect risk appetite among investors. The Federal Reserve is anticipated to maintain interest rates in their next meeting, although analysts believe upcoming economic data could lead to positive changes in investor sentiment. Reports on consumer confidence, GDP, jobless claims, and inflation will be crucial in determining future rate cuts and potentially boosting market conditions for Bitcoin and other digital assets.

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