Source: Cointelegraph.com NewsBoth cryptocurrency and traditional markets will be pressured by global trade war concerns until at least the beginning of April, but the potential resolution may bring the next big market catalyst.
\nBitcoin\u2019s (BTC) price fell over 17% since US President Donald Trump first announced import tariffs on Chinese goods on Jan. 20, the first day after his presidential inauguration.
\nDespite a multitude of positive crypto-specific developments, global tariff fears will continue pressuring the markets until at least April 2, according to Nicolai Sondergaard, research analyst at Nansen.
\nBTC\/USD, 1-day chart. Source: Cointelegraph\/TradingViewThe research analyst said during Cointelegraph\u2019s Chainreaction daily X show on March 21:
\n\u201cI\u2019m looking forward to seeing what happens with the tariffs from April 2nd onwards, maybe we\u2019ll see some of them dropped but it depends if all countries can agree. That\u2019s the biggest driver at this moment.\u201d<\/p>\n
The Crypto Debanking Crisis: #CHAINREACTION https:\/\/t.co\/nD4qkkzKnB\u2014 Cointelegraph (@Cointelegraph) March 21, 2025<\/p>\n
Risk assets may lack direction until the tariff-related concerns are resolved, which may happen between April 2 and July, presenting a positive market catalyst, added the analyst. Source: Cointelegraph.com NewsBoth cryptocurrency and traditional markets will be pressured by global trade war concerns until at least the beginning of April, but the potential resolution may bring the next… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125606"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125606"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125606\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125606"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nPresident Trump\u2019s reciprocal tariff rates are set to take effect on April 2, despite earlier comments from Treasury Secretary Scott Bessent that indicated a possible delay in their activation.
\nRelated: Ether risks correction to $1.8K as ETF outflows, tariff fears continue
\nFed\u2019s interest rates are also contributing to market slump
\nHigh interest rates will also continue pressuring risk appetite among investors until the Federal Reserve eventually starts cutting rates, explained Sondergaard, adding:
\n\u201cWe\u2019re waiting for the Fed to see proper \u201cbad news\u201d before they will really start cutting rates.\u201d
\nFed target interest rate probabilities. Source: CME Group\u2019s FedWatch toolMarkets are currently pricing in an 85% chance that the Fed will keep interest rates steady during the next Federal Open Market Committee (FOMC) meeting on May 7, according to the latest estimates of the CME Group\u2019s FedWatch tool.
\nRelated: Crypto debanking is not over until Jan 2026: Caitlin Long
\nStill, the Federal Reserve indicates that inflation and recession-related concerns are transitory, particularly regarding tariffs, which may be a positive sign for investors, according to Iliya Kalchev, dispatch analyst at Nexo digital asset investment platform.
\n\u201cMarkets may now expect upcoming economic data with greater confidence,\u201d the analyst told Cointelegraph, adding:
\n\u201cCooling inflation and stable economic conditions could further boost investor appetite, driving additional upside for Bitcoin and digital assets.\u201d
\n\u201cKeep an eye on key reports, including Consumer Confidence, Q4 GDP, jobless claims, and next week\u2019s crucial PCE inflation release, to gauge the likelihood of future rate cuts,\u201d the analyst added.
\nMagazine: SEC\u2019s U-turn on crypto leaves key questions unansweredRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":"