Cryptocurrency enthusiasts are optimistic about the market as they approach the new week, despite negative events. Bitcoin continues to be a stable currency, which signals a promising future for altcoins.
Will Bitcoin’s Price Sustain?
Currently, Bitcoin's value has reached $118,500, hitting a daily high of $118,636. Despite the issuance of a recent EU tariff notice, market participants remain undisturbed. Analysis shows that similar occurrences in the past led to significant market losses, but recent trends suggest a shift in reaction.
Markets' Immunity to Economic Threats
The current situation resembles the end of tensions with Iran, where markets shrugged off threats, anticipating favorable resolutions. This situation indicates that tariffs have lost their intended impact. Examples from January to June illustrate uncertainty and skepticism among market participants regarding tariff threats from the U.S. administration.
Conclusions and Expert Predictions
Considering the above trends, the cryptocurrency market largely dismisses tariff threats, relying on its growing resilience and relative stability. Experts are monitoring whether Bitcoin and Ethereum can maintain their recent successes amidst economic risks.
Thus, the current dynamics in the cryptocurrency market significantly diminish the influence of economic threats. Bitcoin and altcoins remain in the spotlight of specialists, and their predictions for the coming week are encouraging.
