Bitcoin and Ethereum Face Market Challenges: Macroeconomic & Technical Pressures

The crypto market finds itself grappling with both macroeconomic and technical challenges as it enters the second quarter, according to a report from BlockBeats. While Bitcoin hovers around the $80,000-$86,000 range, Ethereum trades within the $1,600-$2,200 zone. The potential implementation of U.S. President Donald Trump’s 25% tariff policy on goods from Mexico and Canada is contributing to market volatility, with Bitcoin’s correlation with the Nasdaq reaching 0.67 – suggesting increased linkage between crypto and traditional markets.