The cryptocurrency market faces the possibility of hitting a local bottom in the next two months amid global uncertainty in trade negotiations.
Trade Talks and Market Impact
On April 2, US President Donald Trump will detail his reciprocal import tariffs aimed at reducing the country's trade deficit and boosting domestic production. Global markets previously experienced a downturn following the first tariff announcement.
Analysts' Predictions on Crypto Prices
Major US equity indexes and BTC have failed to rise above their 200-day moving averages, highlighting the need for positive news on US growth and tariffs, according to Nansen's April 1 report.
Market Sentiments in Crypto
Investors are in 'wait and see mode', refraining from large positions due to market uncertainty. The Crypto Fear & Greed Index remains above 'extreme fear', suggesting a slight market sentiment improvement.
Amid tariff uncertainties and volatility in both traditional and digital markets, the crypto market expects to find a bottom in the coming months.
