US Tariffs Spark Bitcoin Volatility, Analysts Advise Patience

Bitunix Analyst: US Tariff Policy Upgrade Triggers Market Volatility, BTC Price Faces Downward Pressure, Advises Investors to Patiently Wait for Bottoming Response

The recent announcement by the US administration to proceed with a 25% tariff on Canada and Mexico has sent shockwaves through the global markets, with the cryptocurrency sector being no exception. The price of Bitcoin (BTC) has dropped by 4.06% following the news, currently trading at $79,100. According to data from Coinglass, the funding rate indicates a bearish market sentiment, and a decrease in spot ETF holdings suggests that investor confidence is low.

Analysts have advised investors to tread carefully in the current market uncertainty and downward pressure on Bitcoin's price. They recommend closely monitoring changes in macroeconomic policies and market sentiment, as well as implementing sound risk management practices. The volatile nature of the cryptocurrency market, coupled with geopolitical tensions, has made it challenging for investors to navigate the landscape.

The US pre-market plunge has seen seven tech giants lose over $500 billion in market value, with the crypto market also losing $100 billion. This decline in the tech sector has had a spillover effect on the cryptocurrency market, as many investors view cryptocurrencies as a safe haven during times of market uncertainty.

As the market awaits a bottoming response, investors are advised to remain patient and vigilant. The recent decline in the price of Bitcoin has presented an opportunity for long-term investors to accumulate more BTC at lower prices. However, the volatile nature of the cryptocurrency market means that investors should be prepared for further price fluctuations in the short term.

The recent decline in the price of Bitcoin has also led to a revival in the decentralized finance (DeFi) sector. As the market awaits a potential turnaround, investors are keeping a close eye on upcoming projects that could be worth considering for a possible token generation event (TGE).

In conclusion, the recent upgrade in US tariff policy has triggered market volatility, with the price of Bitcoin facing downward pressure. Analysts have advised investors to remain patient and vigilant, closely monitoring changes in macroeconomic policies and market sentiment. As the market awaits a bottoming response, investors are advised to implement sound risk management practices and