Bitcoin, U.S. Stocks Stabilize Amid Tariff Uncertainty Until April 2

Bitcoin and U.S. stocks have both found stability at their respective lows, but the cryptocurrency remains susceptible to tariff-related news until April 2. Analysts from Nansen have cautioned that the ongoing "tariff noise" could continue to exert pressure on global and cryptocurrency markets, thereby limiting investor risk appetite. This uncertainty is anticipated to persist until after April 2, when crucial tariff decisions are expected to be made.

Aurelie Barthere, a Nansen analyst, highlighted the next key support level for Bitcoin at $71,000-$72,000, attributing this to broader market concerns such as tariff uncertainties and recession fears. Despite these challenges, both U.S. stocks and Bitcoin have achieved a level of stability, indicating that investors may be preparing for further developments in the tariff situation. The current environment underscores the interconnected nature of global markets and the sensitivity of cryptocurrencies to macroeconomic factors.

As the April 2 deadline approaches, market participants will be closely monitoring any updates that could influence Bitcoin's trajectory and the broader financial landscape. The stabilization of both U.S. stocks and Bitcoin at their respective lows suggests a cautious optimism among investors, who are likely awaiting more clarity on the tariff situation before making significant moves. The interconnectedness of global markets means that any developments in the tariff negotiations could have ripple effects across various asset classes, including cryptocurrencies.

Nansen's Chief Research Analyst Aurelie Barthere noted that both traditional and crypto markets may be constrained by tariff-related concerns until April 2nd. The tariff noise may persist beyond April 2nd, and reciprocal tariff announcements, along with subsequent negotiations, will dampen risk appetite. Barthere added, "Nevertheless, we observed yesterday that major U.S. stock indices and BTC were temporarily stable at their respective RSI lows, and we are monitoring this situation."