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Opinion: Bitcoin's next major catalyst could be the US tariff announcement on April 2
2025-03-26 07:46:35

Odaily News Bitcoin's rebound after hitting a two-week high on Monday is facing the risk of abortion, showing the characteristics of a "buy trap" against the backdrop of macro uncertainties that continue to suppress market sentiment. Potential tariff escalations and inflation concerns are still suppressing Bitcoin prices.
CryptoQuant data showed that the price of Bitcoin rose to $88,786 on Monday, but the funding rate turned negative, indicating that traders were unwilling to pay a premium for opening new long positions in the perpetual contract market, and leverage demand showed signs of cooling. SignalPlus partner Augustine Fan pointed out that the market direction needs to wait for the key policy node on April 2 to become clear. The next important catalyst will be the "Liberation Day" tariff announcement. As the Trump administration plans to announce a new round of tariff plans on that day, macro policy uncertainty may once again become the fuse that breaks the balance of the crypto market. (Businesstime)