Odaily Planet Daily News Arrash Yasavolian, founder and CEO of Taoshi, an AI trading platform under the Bittensor ecosystem, said that due to the tariff policy of US President Trump, traders generally turned to short-term strategies for quick profits and reduced holding time.
He pointed out that tariffs have caused violent headline-driven fluctuations in financial markets, and sentiment has frequently reversed within a single day, making market trading more challenging. Yasavolian said: "Market trading behavior has shifted to intraday operations-profits are immediately pocketed, and no longer bet on further rises or falls."
Although the initial shock has partially subsided and the market has rebounded, risky assets are still shrouded in macro uncertainty. Investors continue to pay attention to the progress of US-China negotiations. Analysts believe that if a lasting agreement is reached, it may drive Bitcoin and altcoins to rise.
On May 25, Trump announced that the decision to impose tariffs on EU goods would be delayed until July 9, and the price of Bitcoin rose by more than 3% within the day. However, some analysts believe that the current progress of the negotiations is more of a political gesture and has limited substantive significance. (cointelegraph)