Despite growing tariff-related uncertainty, there is a 70% probability cryptocurrency markets will find the local bottom in the next two months

The cryptocurrency market may see a local bottom in the next two months amid global uncertainty over ongoing import tariff negotiations

Amid growing tariff-related uncertainty, there is a 70% probability cryptocurrency markets will find the local bottom in the next two months, which will serve as the supporting foundation for the next leg up in the 2025 cycle, according to Nansen analysts.

Tariffs: A 70% chance of crypto bottoming in June

The cryptocurrency market may yet see a local bottom in the next two months amid global uncertainty over ongoing import tariff negotiations, which have been limiting investor sentiment in both traditional and digital markets.

US President Donald Trump on April 2 announced reciprocal import tariffs, measures aimed at reducing the country’s estimated trade deficit of $1.2 trillion in goods and boosting domestic manufacturing.

While global markets took a hit from the first tariff announcement, there is a 70% chance for cryptocurrency valuations to find their bottom by June, according to Aurelie Barthere, principal research analyst at the Nansen crypto intelligence platform.

The research analyst told Cointelegraph:

“Nansen data estimates a 70% probability that crypto prices will bottom between now and June, with BTC and ETH currently trading 15% and 22% below their year-to-date highs, respectively. Given this data, upcoming discussions will serve as crucial market indicators.”

She added: “Once the toughest part of the negotiation is behind us, we see a cleaner opportunity for crypto and risk assets to finally mark a bottom.”

The Biden administration is expected to meet again this week to continue discussing the best strategy for resolving the trade imbalance and reaching a win-win outcome for both nations.

The president’s decision to impose tariffs comes as the U.S. economy faces sluggish growth and a potential recession, while China’s economy is also slowing down from the post-pandemic recovery.

Despite the bleak macroeconomic outlook and lack of risk appetite, savvy traders continue making generational wealth in the crypto markets.

One trader turned an initial $2,000 into over $43 million by trading the popular frog-themed memecoin, Pepe.

Crypto trader turns $2,000 of PEPE into $43M

A trader reportedly turned $2,000 into more than $43 million by investing in the memecoin Pepe at its peak valuation, despite the token’s extreme volatility and lack of underlying technical value.

The trader made an over 4,700-fold return on investment on the popular frog-themed Pepe (PEPE) cryptocurrency, according to blockchain intelligence platform Lookonchain.

“This OG spent only $2,184 to buy 1.5T $PEPE($43M at the peak) in the early stage. He sold 1.02T $PEPE for $6.66M, leaving 493B $PEPE($3.64M), with a total profit of $10.3M(4,718x),” Lookonchain wrote in a March 29 X post.

This OG spent only $2,184 to buy 1.5T $PEPE($43M at the peak) early stage.

He sold 1.02T $PEPE for $6.66M, leaving 493B $PEPE($3.64M), with a total profit of $10.3M(4,718x).

Amazing trader! 🫡

The post was viewed more than 1.6 million times and sparked discussion over the gains some traders were able to make despite the crypto market downturn.

The trader realized over $10 million in profit despite Pepe’s price falling over 74% from its all-time high of $0.00002825, reached on Dec. 9, 2024, Cointelegraph Markets Pro data shows.

Memecoins are considered some of the most speculative and volatile digital assets, with price action driven largely by online enthusiasm and social sentiment rather than fundamental utility or innovation.

Still, they’ve proven capable of generating life-changing returns. In May 2024, another early Pepe investor turned $27 into $52 million — a 1.9 million-fold return — according to onchain data.

The post 70% chance of crypto bottoming before June amid trade fears: Nansen appeared first on ChainEdge.

The post 70% chance of crypto bottoming before June amid trade fears: Nansen appeared first on ChainEdge.