Analyst: The crypto market may usher in buying opportunities after Trump's reciprocal tariffs are introduced, and BTC may rise to $90,000
Odaily News The Kobeissi Letter analyzed that shortly after Trump announced the most stringent tariff measures in U.S. history, S&P 500 futures fell more than 2%, and the market value evaporated more than $2 trillion. Driven by rumors of delayed tariffs, Bitcoin rose to about $88,000 before the news was announced. After the tariff news was announced, BTC quickly gave up its gains and fell to $82,000.
Valentin Fournier, chief analyst at BRN, believes that although Trump's massive tariffs have shaken almost all financial markets, the much-anticipated clarity on US trade policy has created buying opportunities as uncertainty is fading. Despite recent volatility, uncertainty is decreasing and institutional buying pressure is picking up. With the synergy of key catalysts, we expect Bitcoin to rebuild momentum and try $90,000 again in the near future. (The Block)
