Bitcoin Uncertainty Persists: Trump’s Tariffs Threaten Bull Run

Donald Trump’s ongoing tariff threats cast uncertainty over Bitcoin’s future, according to analysts. Odaily reports that Swyftx’s Chief Analyst Pav Hundal predicts Bitcoin might be negatively impacted by these ‘tariff ultimatums’ in the coming months. He suggests that U.S. policymakers may hold off on easing monetary policy due to a lack of concrete data, potentially dampening market sentiment and slowing growth. This comes as Bitcoin recently experienced volatility after falling below $100,000 due to trade policy uncertainties. Despite a recent ruling in favor of Bitcoin from the U.S. International Trade Court that invalidated Trump’s tariffs on May 28th, he has recently increased tariffs on foreign steel and aluminum to 50%. Hundal predicts that if these uncertainties are resolved, Bitcoin could reach $120,000 by June.