Bitcoin Bottom In Sight As Trump Expected To Soften Stance On Reciprocal Tariffs: Report

According to a recent report by 10X Research, Bitcoin (BTC) may be attempting to form a local bottom, as US President Donald Trump is expected to soften his stance on reciprocal tariffs, which are set to go into effect on April 2. Up Only For Bitcoin? Bitcoin’s plunge to $77,000 on March 10 may have marked the bottom for the top cryptocurrency in the current market cycle. Since then, the digital asset has appreciated by more than 10%, trading in the mid $80,000 range at the time of writing. Related Reading: Bitcoin Needs Weekly Close Above This Level To Confirm Market Bottom, Analyst Says The 10X Research report suggests that Trump’s recent pivot toward “flexibility” on the upcoming April 2 reciprocal trade tariffs may have alleviated some concerns about further deterioration in the global macroeconomic outlook source: https://www.newsbtc.com/bitcoin-news/bitcoin-bottom-in-sight-as-trump-expected-to-soften-stance-on-reciprocal-tariffs-report/