Despite speculation surrounding new tariffs, Bitcoin continues to exhibit resilience. Analysts are examining current trends and expect increased volatility in the market.
Bitcoin's Market Position
As of the preparation of this article, Bitcoin (BTC) price climbed to $118,500 with a daily peak at $118,636. Despite the recent EU tariff letter, the markets showed no negative reaction. Analysts point to possible changes in market trends at the beginning of the new week.
Why Didn’t Tariffs Prompt a Drop?
The situation is reminiscent of the end of the Iran incident when markets grew indifferent to negative news, confident that an agreement was reached. Today tariffs have lost their credibility due to frequent contradictory statements from the political arena. Tariff commitments made in the past were not realized, which decreased trust in similar future announcements.
Conclusion
Considering current trends and historical resilience of the cryptocurrency market, such as Bitcoin, traders can remain hopeful for stable positioning in the face of speculation over trade tariffs.
Thus, despite uncertainties posed by potential tariffs, Bitcoin reinforces its resilience and continues to attract traders' attention ahead of the new week.
