Donald Trump's new tariffs are causing further economic uncertainty, negatively impacting Bitcoin and altcoin prices.
New Tariff Policies and Economic Uncertainty
The new tariffs introduced by Donald Trump's administration are exacerbating economic uncertainty. This has exerted pressure on cryptocurrency markets, increasing the volatility of Bitcoin and altcoins.
Analysis of Current Cryptocurrency Market Situation
With high volatility, analysts expect Bitcoin to bottom near $70,000. Today, critical inflation data, which the Federal Reserve considers in making interest rate decisions, have been announced.
Bitcoin's Initial Reactions Post-CPI Data Release
Initial data showed a slight decrease in inflation levels, impacting Bitcoin's market behavior. The annual consumer price index was reported at 2.8%, below the expected 2.9%, and the monthly index at 0.2%, versus the expected 0.3%.
The release of inflation data has caused some shifts in cryptocurrency dynamics, but overall economic uncertainty keeps the markets under pressure.
