Bitcoin's price currently stands at around $83,300, despite fluctuations and negative economic factors like tariffs.
Is Bitcoin's Value Under Threat?
Recent reports suggest that tariff discussions continue. Former President Trump assured that these would not be used as leverage in negotiations and that no rate changes were expected. However, new information indicates that global discussions are intensifying regarding tariff-related issues, underscoring China's need to impose additional taxes.
Can Bitcoin Maintain Stability?
The rising U.S. debt has prompted Trump to take decisive action, but his commitment to reducing living costs ahead of the elections has proven ineffective. The uncertainty brought on by tariffs has led to protests against Trump's policies in several states. Experts indicate that if Bitcoin can remain above $77,000, there may be a chance for upward momentum. Market analysis shows Bitcoin trading within a narrow range, demonstrating resilience even as stocks and commodities face losses of over 10%.
Market Trends in Cryptocurrencies
Several altcoins are also standing out, with EOS showing improved performance among the top 100 cryptocurrencies. Expected upward movements could include PENDLE, ATOM, and OKB, whereas others like IMX and JUP continue their downward trend with losses exceeding 20%. Pi Coin has notably surged in the past 24 hours, rebounding from previous weekly losses. It now ranks among the highest trading volume altcoins, alongside XRP and SOL Coin, indicating ongoing market volatility.
In conclusion, the performance of cryptocurrencies is increasingly linked to external economic factors, highlighting the complex relationship between traditional markets and digital assets.
