When the US government announced new tariffs (taxes on imported goods) on Canada, Mexico, and China, it scared investors. People got worried about the economy and wanted to hold onto their cash. This made them sell off risky investments, including cryptocurrencies like Bitcoin and Ethereum, causing their prices to drop.
$BTC had dropped to as low as $91,695.8 on Monday, while $ETH had fallen over 20% to $2,261.27.
If tariffs on China proceed as planned or if new trade restrictions emerge, the
risk of slower global growth and reduced liquidity could weigh on cryptocurrencies in the coming months.
However, the US government then decided to postpone (delay) these tariffs on Canada and Mexico. This made investors less worried. They started buying risky investments again, including cryptocurrencies. This increased demand for crypto, causing prices to go back up. So, tariffs can affect crypto prices because they influence how much people want to hold onto cash versus invest in things like crypto. Basically, if people are scared about the economy, they want cash, and crypto prices tend to go down. If they're less scared, they're more willing to invest, and crypto prices can go up.
so in short for next 30 days there are hight chances of $BTC to go up