The week began with new developments in the cryptocurrency market triggered by former U.S. President Donald Trump's announcement regarding new tariffs on several countries.
Tariffs and Trump's Impact
The announcement of new tariffs on imports into the U.S. has sparked numerous discussions. This particularly affects the countries facing tariffs that are nearly identical to previous rates. For example, Vietnam managed to secure certain benefits through a separate agreement, while other nations are facing tariffs exceeding 20%.
Dynamics of Chainlink and OKB Coin
The cryptocurrency market is full of surprises, and while clarity on tariff uncertainties is awaited, the current rates could lead to further declines. However, ETF approvals might unexpectedly drive a rapid increase. Analyst Poppe advises monitoring a critical level in the BTC pair for [LINK], where closing above 1400 sats could signify a good entry point.
Market Outlook for Cryptocurrencies
In terms of BTC, there is consideration for a return to the $105,000 mark, with a dip potentially occurring before a rise. Expert Efloud shares forecasts for OKB Coin and monitors the $43.3 to $42.4 range, confirming ongoing bearish trends, with potential losses extending to $30.7 during a market downturn.
Given the new trade tariffs and their impact on inflation, the Federal Reserve of the United States will likely pursue a flexible policy, which will significantly influence the cryptocurrency market.
