Bitcoin moves sideways amid US trade policy uncertainty
Uncertainty surrounding US trade policies is causing Bitcoin to follow a sideways trend.
As expectations regarding tariffs in the US continue, uncertainty prevails in the markets. This situation is causing Bitcoin to remain on a sideways path.
Naeem Aslam, an analyst at Zaye Capital Markets, stated, "Trump's tariff threats and political stance are increasing geopolitical and economic risks, reducing interest in risky assets. At the same time, it is raising demand for defensive positions. Trump's erratic comments on social media reflect the unpredictability of his leadership style and further polarize market sentiment."
Aslam also noted that events such as Trump's controversial dinner, which led to legal complications in the cryptocurrency world, have triggered regulatory concerns.
Bitcoin is trading at the 109,700 dollar level with an increase of 0.06 percent.
News Source: 12punto
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