According to analysts, traders and investors are afraid that US trade tariffs will provoke tough response measures from other states.
“We assess the likelihood that cryptocurrency prices will reach the bottom from the present to June, at 70%,” the report said.
Given that bitcoin and ether are traded 15% and 22% lower than their annual maximums, the results of negotiations between the United States and its trading partners will be key market indicators, experts are sure.
They noted that the US stock indices and the Bitcoin course could not rise much higher than their 200-day sliding average. Cryptoes need good news to overcome stagnation and form a stable bull trend.
Earlier, experts of the American investment bank JP Morgan said that 14 public companies, the shares of which are traded on exchanges, lost 25% of capitalization ($ 6 billion) for March.
Source: Bits
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