Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook
Bitcoin may see a „sizeable bounce“ at $71,000 if US trade tariffs result in further BTC price pressure, new analysis predicts.
Bitcoin (BTC) faces “very high risk” conditions from US trade tariffs, which could spark a slump to $71,000.
In his latest analysis, Charles Edwards, the founder of quantitative Bitcoin and digital asset fund Capriole Investments, warned about the impact of “higher than expected” US trade tariffs.
Bitcoin reacted noticeably worse than US stocks after President Donald Trump announced worldwide reciprocal trade tariffs on April 2.