Bitcoin continues to attract the attention of investors in a bumpy course in recent weeks. Especially despite the correction in the stock markets, the strong BTC price remained stronger entered the radar of many analysts. However, according to the latest report of Matrixport, this resistance may be temporary. Following the new tariffs that Donald Trump will announce today, Bitcoin is expected to follow a movement parallel to the stock markets.
Will the Bitcoin price go parallel to the stock market?
In the analysis shared by Matrixport, Bitcoin’s correlation with stocks in the short term was drawn. For now, BTC seems to be greatly affected by the stock market correction, but according to Analyst Markus Thielen, this is about to change. The tariffs that Trump will announce can start a new wave of volatility in the market.
In particular, Bitcoin’s funding rates only show limited positivity and retail investor volumes have fallen to the lowest levels of the 2024 writing. This shows that investors behave cautiously and avoid major operations. Considering this, Bitcoin seems to be likely to follow the movements in the stock markets.
How do Trump’s new tariffs affect crypto?
The tariffs that are expected to be announced today may include new customs duties for 15 countries such as China, Canada and Mexico. This may directly affect not only global trade balances, but also crypto currencies in the risky asset class.
According to CoinPenel CEO Aran Hawker, macroeconomic developments now shape crypto prices directly. With the fall of Nasdaq, a parallel weakness is observed in digital assets. This reveals that crypto currency investors should follow the stock markets more closely.
Will Bitcoin crash after the tariff? Or will the alternative be a safe port?
Bitcoin in the last weeks of 108 thousand dollars from 80 thousand dollars to the agenda came to the agenda with sharp movements. Analysts await an even more harsh decline in BTC price after Trump’s new trade strategy. In particular, the transition of the market to “risk-off” mode may increase sales pressure on BTC.
However, some experts argue that this process can be positive for Bitcoin in the long run. Professor of Columbia Business School, Omid Malekan, says BTC has begun to adopt as digital gold and gained value in such an environment of uncertainty. The rise of physical gold after the tariff news brings a similar potential for the digital version.
