Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Bitcoin's Price Falls to Over Three-Week Low Amid Escalating Investor Concerns over Global Trade War

Bitcoin's Price Falls to Over Three-Week Low Amid Escalating Investor Concerns over Global Trade War

CointimeCointime2025/02/03 10:00
By:Cointime

Bitcoin's price hit a local low just above $91,000, indicating its growing sensitivity to macroeconomic events. This drop came two days after President Trump imposed import tariffs on goods from China, Canada, and Mexico, causing investor concerns about a potential global trade war. Despite its reputation as a hedge against traditional market volatility, Bitcoin remains sensitive to economic developments. However, some industry watchers remain optimistic about Bitcoin's prospects for the rest of the year, with analyst predictions ranging from $160,000 to above $180,000 for the rest of the 2025 market cycle.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Berkshire Hathaway shares slipped after Buffett says he will step down as CEO, stocks surge pre-market

Share link:In this post: Warren Buffett announces retirement as Berkshire Hathaway CEO after six decades, triggering a brief dip in BRK-B shares. The US stock market eyes its longest winning streak in 20 years amid cooling trade optimism and a weaker dollar. Investors brace for the Fed’s rate decision as oil slumps, gold surges, and global markets react to shifting macro signals.

Cryptopolitan2025/05/05 15:12