Bitcoin is declining about 80,000 dollars, as the power of the US dollar bounces for a low 12 weeks
Bitcoin (BTC) remained volatile on March 4, Wall Street is open as the weak encryption markets weighing the impact of American commercial tariffs.
BTC/USD 1 hour graph. Source: CointeleGRAPH/TradingView
Bitcoin edges are closer to their lowest levels
Data from Cointelegraph Markets Pro and Tradingvief It showed a new domestic decrease of $ 82.037 for BTC/USD on Bitstamp.
After that, the recovery of the spouses began, more than $ 10,000 has still decreased compared to the highest level the day before, to nearly $ 85,000.
Bitcoin and Altcoins felt heat thanks to the American definitions against Mexico and Canada into effect, while strategic encoding plans in the United States remained far -fetched before the Summit of the White House encrypted on March 7 occurred.
“This sale has been exacerbated by Trump’s renewal to pay tariffs on Canada, Mexico and China, which enhances investors’ concerns about escalating trade tensions,” said QCP Capital in its latest analysis that was sent to Telegram subscribers.
QCP indicated that the shares were also struggling to face the pressure of customs tariffs, which is likely to have President Donald Trump’s radar.
“This shrinkage can increase the pressure on Trump, especially after the strong support and donations he received from the encryption community during his campaign.”
“Even the last step for SEC- stopping and issues of enforcement against encryption companies-failed to stop the sale, confirming the wider risk of the market. A month after the fluctuations of crossed assets, market anxiety appeared with the possibility of a dream of definitions that reduce global growth morale.”
Crypto Market Cap 1 day. Source: CointeleGRAPH/TradingView
Meanwhile, Mosaic Asset trading took an optimistic look about how to develop the performance of the short -term risk assets.
She said in the latest edition of the regular newsletter, “The feelings of the investor and the expansion of excessive conditions that can help in seeing a gathering roaming.”Market mosaics“On March 2.
“Seasonal and seasonal trends and bikes for the S&P 500 can also become a back direction. The last two weeks of February are historically among the most negative for the S&P 500, but March is the best month in the first half of the evaluation year over the past fifteen years on average.”
S& p 500 course compare. Source: Mosaic origins
Hope remains in the return of the continuous BTC prices
This perspective is in harmony with the current expectations of Bitcoin.
Related to: Bitcoin is no longer a “safe haven” as it leaves the price of 82 thousand dollars
As Cointelegraph, Julian Beetle, head of macro Macro Investor, expected last week that March recovered thanks to changing total economic conditions.
“Everything that happens in the market at the present time, especially in encryption, is a direct result of tightening the financial conditions in the fourth quarter of last year,” he said to X followers.
Meanwhile, the US dollar index (DXY) reached 12 weeks a day before a modest vision on its own.
The US dollar index (DXY) for one day. Source: CointeleGRAPH/TradingView
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.