Against the backdrop of macroeconomic uncertainty, bitcoin quotes fell by 17% since the introduction of US Donald Trump’s administration to a number of goods of trading partners.
According to Nansen researcher Nikolai Sondergaard, if leading countries can agree on the abolition of duties or mitigating tariff policy, this can become a catalyst for growth for cryptorrhoids.
However, if the agreement between the states is not reached, economic uncertainty will remain until July, which will negatively affect the dynamics of bitcoin and other basic cryptocurrencies.
As an additional factor of instability, there are high interest rates of the federal reserve system (FRS), restraining investors on the cryptornka, summed up in Nansen.
Earlier, specialists of the Cryptoquant analytical platform reported that the cryptocurrency market is in the stage of preparation for rapid growth, but to start a jerk, strong positive catalysts will be required.
Source: Bits
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