According to QCP: Bearish Bitcoin Volatility Expected to Continue Through April Amid Trade Tensions
What factors are contributing to Bitcoin's bearish volatility outlook?
Recent market disturbances were triggered by President Trump's announcement of a 25% tariff on steel and aluminium imports, affecting major suppliers like Mexico and Canada, and causing temporary market instability. This was compounded by Trump's comments on potential sanctions against Japan and actions to block Japanese steel from entering the U.S. market, sparking further trade tensions.
Asian stock markets reacted with declines, while commodity prices remained stable. Bitcoin, however, experienced a sharp drop to $95,000 before rebounding, a movement that QCP Capital attributes more to sentiment-driven market volatility rather than fundamental changes in risk appetite.
