Crypto Market May Hit Bottom Within Two Months Amid Ongoing Trade Tensions
The cryptocurrency market may be approaching its lowest point within the next two months, according to Aurelie Barthere, principal research analyst at Nansen. With a 70% chance of this happening before June, traders are bracing themselves for continued volatility.
The ongoing global tariff negotiations, particularly those announced by U.S. President Donald Trump on April 2, are creating uncertainty across financial markets. These reciprocal import tariffs aim to reduce the country’s trade deficit and boost manufacturing, but their impact is yet to be seen.
Bitcoin and Ethereum have both been trading at lower levels, with prices down 15% and 22% respectively from their highs for the year. As traditional markets also remain stagnant, investors are choosing a cautious approach, waiting for clearer signs of improvement before making significant investments.