Tariff Concerns Impact Cryptocurrency Market

According to PANews, concerns over tariffs, inflation, and high interest rates have negatively affected the cryptocurrency market this year. Additionally, skepticism about the United States' dominance in the artificial intelligence sector has heightened market risk aversion, leading investors to seek safer assets. Nic Puckrin, founder of The Coin Bureau, stated that if tariff concerns continue to escalate, Bitcoin may experience further short-term declines, with key support levels dropping to $71,000. However, positive macroeconomic developments, such as the removal of tariffs on Mexico and Canada, could lead to a rebound in Bitcoin prices. Although this scenario is unlikely, U.S. President Donald Trump may still change his stance.