Bitcoin faces conditions similar to the 2022 bear market bottom as US business sees 'very high risk' related to the tariff hike.
US Tariffs and Their Impact on Bitcoin
Bitcoin reacted noticeably worse than US stocks after President Donald Trump announced new trade tariffs. BTC/USD fell up to 8.5% on the day, while the S&P 500 managed to end the Wall Street trading session 0.7% higher.
Business Expectations and Historical Parallels
Charles Edwards notes that US business expectations reflect uncertainty seen only three times since the turn of the millennium. The Philadelphia Fed Business Outlook Survey has dropped to levels seen in 2000, 2008, and 2022.
Focus on Liquidity and BTC Price Growth Potential
Increasing global liquidity could be beneficial for crypto and risk assets. The Fed has started to loosen financial policy, with expectations of further money supply increases that could boost BTC price growth.
While Bitcoin's market remains under pressure from US macroeconomic factors, potential changes in monetary policy could significantly influence future price trends.
