10x Research reports a potential Bitcoin drop below $80,000 due to U.S. tariff and inflation uncertainties.
Tariff Impact on Bitcoin
According to 10x Research, uncertainties surrounding U.S. tariffs and rising inflation are pressuring Bitcoin and the broader market. The shifting rhetoric from former President Donald Trump has intensified investor uncertainty.
Market Reaction to Inflation
Focus is on personal consumption expenditures, indicating that inflation remains a concern. This aligns with trade policy shifts causing economic strain. Disappointing data could increase risk aversion impacting the crypto market.
Future Prospects for the Crypto Market
Weak ISM Manufacturing PMI data and strong employment statistics may delay Federal Reserve intervention, reducing market rebound chances. Despite risks, market volatility remains subdued.
Amid multiple risk-off factors, Bitcoin's recent rebound appears fragile. If macroeconomic pressures persist, further BTC declines are expected in the coming weeks.
