Bitcoin recently reached its highest level in two and a half weeks, reaching $88,771. However, this rise was short-lived due to investors’ concerns about new US tariffs. Bitcoin, which lost value on Monday, fell 1.35% to $86,713.
According to the Wall Street Journal, the US’s bilateral tariffs that will come into effect on April 2 will be more targeted than expected. This has increased investors’ interest in risky assets such as US stocks and cryptocurrencies. However, as XTB analyst Kathleen Brooks noted, uncertainty about what will happen next week and the risks posed by possible secondary tariffs, especially on countries that buy oil from Venezuela, are negatively affecting market sentiment.
These developments cause Bitcoin’s value to fluctuate and affect investors’ decisions. Cryptocurrencies tend to fluctuate more during times of uncertainty, creating an environment where risks and opportunities coexist for investors. In the coming days, developments in US-China trade relations and tariffs will be closely monitored for their impact on Bitcoin and other cryptocurrencies.
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