Bitcoin is at risk of slide to $58,000 as 'restrictive' Fed policy and trade tensions weigh on crypto

Bitcoin is currently facing the potential threat of declining to the price level of $58,000 due to a combination of factors, including the "restrictive" monetary policy implemented by the Federal Reserve, as well as ongoing trade tensions that are exerting pressure on the cryptocurrency market. These challenging economic conditions may cause investors to reevaluate their positions in Bitcoin and other cryptocurrencies, leading to increased volatility and further downward movement in prices. source: https://www.coindesk.com/markets/2026/01/20/bitcoin-is-at-risk-of-a-major-slide-to-usd58-000-as-restrictive-fed-policy-and-global-trade-tensions-weigh-on-crypto