Bitcoin (BTC) Price Rises as Cryptocurrency Markets Fluctuate Ahead of President Donald Trump's “Liberation Day” Tariff Implementations

The price action follows as retaliatory tariffs are going to be imposed on a number of U.S. imports that caused uncertainty in financial markets.

The price of bitcoin rose on Monday as prices of cryptocurrencies fluctuated ahead of President Donald Trump’s “Liberation Day” tariff implementations, reports CCXV.

The price action follows as retaliatory tariffs are going to be imposed on a number of U.S. imports that caused uncertainty in financial markets. Bitcoin had ranged between a 24-hour low of $83,939.88 and a 24-hour high of $87,300.86, resting around $86,600 at the time of writing.

Market analysts are suggesting Bitcoin could be looking for a potential breakout if certain price levels hold through the weekly close.

Tariffs And Their Potential Impact On Bitcoin Price

CoinShares head of research James Butterfill warned in a February note that tariffs would likely have negative short-term effects on the BTC Price.

“Unlike gold, bitcoin has a growth component, meaning it reacts to economic trends and liquidity cycles,” Butterfill explained.

The imposition of tariffs would slow down economic growth and decrease the demand for risk assets like cryptocurrencies. This slowdown in the economy would generally lower interest in riskier investments. This is since market participants move into more secure alternatives.

Also, tariffs raise inflation, which usually results in speculations of increased interest rates. These monetary policy changes tend to put downward pressure on Bitcoin price and other cryptocurrencies traditionally.

Another concern is Bitcoin’s correlation with stock markets during periods of economic uncertainty. Tariffs could cause a temporary price drop in crypto as traditional markets respond to the changing trade sector.

Technical Analysis Points To Possible Breakout

Analyst Rekt Capital highlighted Bitcoin’s recent price movement in a tweet. He noted that “Bitcoin has increased by +$2000 in the past hour.” The analyst suggested this places BTC close to positioning itself for a future breakout beyond the 21-week Exponential Moving Average (EMA).

#BTC

Bitcoin has increased by +$2000 in the past hour

Which means that BTC is getting close to positioning itself for a future breakout beyond the 21-week EMA

Still plenty of time until the Weekly Close but if one occurs above $87650 -> trend shift$BTC #Crypto #Bitcoin

Analyst Rekt Capital highlighted Bitcoin's recent price movement in a tweet. He noted that "Bitcoin has increased by +$2000 in the past hour." The analyst suggested this places BTC close to positioning itself for a future breakout beyond the 21-week Exponential Moving Average (EMA).

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