The Bitcoin market has shown increased optimism, but threats of tariffs from President Trump may complicate matters.
Optimism in the Bitcoin Market
Recent events in the Bitcoin market have shown growing confidence, with sentiment exceeding 70, signaling rising optimism. Throughout the week, the price briefly climbed above $110,000, sparking expectations of new historic highs, though signs of a potential pullback were also noted.
Trump's Tariff Comeback and Its Impact on BTC
U.S. Treasury Secretary Scott Bessent stated that President Trump could reignite tariff impositions in August on countries that have not achieved trade agreements with the U.S. This could lead to significant declines in cryptocurrency prices, reflecting experiences from previous trade wars.
Bitcoin Futures Volumes and Current Market Conditions
Analysis shows that increased Bitcoin futures volumes on Binance preceded the latest rally. According to analysts, the ratio between spot and futures activity indicates rising risks that could prompt spot investors to withdraw funds and support speculative approaches in the short term.
Despite the current price surge in Bitcoin, the threat of returning tariffs from Trump poses risks for future market dynamics. Investors should closely monitor changes in contract volumes and overall market sentiment.
