The situation in the cryptocurrency market is becoming increasingly tense amid uncertainties surrounding tariffs and macroeconomic indicators. Analysts express concern over the future of digital currencies.
Cryptocurrencies at Risk
Currently, Bitcoin (BTC) is priced at $104,800 with an anticipated phone call between Trump and Xi. This discussion could clarify issues surrounding tariffs in the U.S. and China. However, there is a possibility the call might be postponed. Additionally, within a few hours, the European Central Bank is expected to announce its decision regarding interest rate cuts.
The Situation with Bitcoin and Altcoins
Crucial U.S. employment data is expected to be released tomorrow, but without resolving tariff uncertainties, it is unlikely to influence the Fed's decisions. Growing fears in the market may also have a positive aspect since all significant rises in crypto have started under such conditions.
Expert Opinions Analysis
Analyst Roman Trading highlights that 'everything aligns just as it did in 2021. Low trading volume with rising prices, three-level bear divergence on RSI, and an overbought stock.' He warns of potential negative impacts of tariff issues on the cryptocurrency market.
In conclusion, the current signals in the cryptocurrency market are concerning. Expert forecasts indicate the need for careful monitoring of tariff situations and economic data.
