Bitcoin 
$77,420 market volatility has shifted towards a short-term decline expectation. According to a market assessment by Singapore-based QCP Capital, U.S. President Donald Trump’s trade policies, particularly the tariffs on steel and aluminum, have escalated market uncertainty. These developments have led to declines in Asian stock markets, causing Bitcoin prices to fall to $95,000. While the leading cryptocurrency has seen some recovery since then, analysts warn that the market currently lacks catalysts for a significant upward movement.
Impact of Trump’s Tariffs on Markets
Trump’s decision to impose a 25% additional tariff on steel and aluminum imports quickly affected the markets. This decision is particularly shocking because it has the potential to reignite trade wars with major suppliers such as Canada and Mexico.
The decision also affects Japan, one of the U.S.’s significant trade partners. Signals of sanctions against Japan and the hindrance of investments by Japanese steel companies in the U.S. threaten global trade balances.
Developments in the cryptocurrency market have heightened investor concerns. However, the short-term drop in Bitcoin’s price is perceived as an emotional market reaction. As investors adopt a cautious approach, the cryptocurrency’s price recovery stands out as a significant indicator. According to QCP Capital analysts, although increased volatility may trigger a risk-averse trend, there are still no signs of a major trend shift in the market.
Bitcoin Options Show Downward Trend
Bitcoin’s volatility indicators show signs of decline, especially leading up to April. The lack of upward catalysts in the market has prompted investors to adopt a more cautious stance. The downward trend in the options market indicates an increase in uncertainty among Bitcoin investors.
The market’s high sensitivity to Trump and investors’ watchful eyes suggest that fluctuations may increase further. This emerges as an important factor for investors to consider in the short term.
QCP Capital warns that economic data from the U.S. and statements from Fed Chair Jerome Powell will significantly influence market trends. They also highlighted that the upcoming U.S. inflation data is crucial for market expectations.
