US President Donald Trump recently announced the customs duties as well as global markets as well as the crypto money market. Following the explanations, Bitcoin (BTC) lost 5.5 percent and fell to 82,000 dollars. However, despite this short -term decrease in the markets, the leading investment organizations maintain price targets for Bitcoin.
Trump’s customs duties shook Bitcoin
Trump’s high -rate new customs duties for China, the European Union and other major trade partners created fluctuation in global markets, including Bitcoin. 54 percent to China, 46 percent to Vietnam, 32 percent to Taiwan and a 10 percent base tariff to all countries was uneasy. These developments accelerated the search for safe harbor in the markets by increasing expectations that economic growth could slow down and price increases will continue. Bitcoin decreased to 82 thousand dollars with a depreciation of more than 5 percent in this environment, while the US Dollar Index (DXY) also experienced a decrease.
Some actors of the market argue that this uncertainty can increase the interest in Bitcoin. LMAX GROUPstrategist Joel Kruger“This can be a breaking point where Bitcoin can really begin to be positioned as a valuable storage tool,” he said. On the other hand Xbto‘from Javier Rodriguez AlarconHe said that digital assets still correspond very strongly with traditional risky assets and did not function as a safe harbor in moments of crisis.
JPMorgan analysts say Bitcoin’s wavy structure weakens the discourse of “digital gold”. The analysts of the bank continue to be a more reliable port in this uncertainty environment. Nevertheless, Bitcoin is still trading above the average production cost of $ 62,000, which points out technically a strong support area.
Despite fluctuations, 200 thousand hope in Bitcoin continues
BitwiseHead of the Research Ryan Rasmussen, despite the decline, Bitcoin’s basic dynamics remained strong, he said. Rasmussen, “There has been a very strong news flow in the market in recent months. White House’s Bitcoin Reserve Plan, the clarification of the regulatory environment and the interest of large state funds to the crypto show that this asset can rise in the long term. The current fluctuation may be a period of delayed effects,” he said. Bitwise, Bitcoin’s price target for the end of 2025 years 200 thousand dollarsas it is waiting.
Similarly, Standard Chartered Digital Assets Research Director Geoff Kendrick said that they trust Bitcoin’s long -term potential. In the research note of the institution, “Bitcoin is still considered as a global digital value storage tool. Short -term geopolitical and commercial uncertainties do not shake the basis of this structure”.
Pantera Capital Partner Cosmo Jiang said Trump’s tariffs were not permanent and were mostly used as a bargaining tool. “Such artificial uncertainties can be rapidly eliminated.
Bitmex founder Arthur Hayes said that it is important for Bitcoin to remain over $ 76,500 in the short term, otherwise more harsh decreases can be seen.
