Cryptocurrency Market May Find Local Bottom Amid Global Uncertainty
The cryptocurrency market could reach a temporary low in the next two months due to global uncertainty surrounding ongoing import tariff negotiations, which have been impacting investor sentiment in traditional and digital markets. US President Donald Trump is expected to announce reciprocal import tariffs on April 2, with the goal of reducing the country's trade deficit and boosting domestic manufacturing. According to Aurelie Barthere, a principal research analyst at Nansen crypto intelligence platform, there is a 70% chance that cryptocurrency prices will hit their low point by June. Barthere also mentioned that once the toughest part of the negotiations is over, there could be a clearer opportunity for crypto and risk assets to find a bottom. The market is currently in a "wait and see" mode, with investors hesitant to take large positions as both traditional and cryptocurrency markets lack direction.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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