Whats Happening on Cryptoworld$BTC $ETH $XRP

Bitcoin (BTC) is trading at $97,540, reflecting a 1.81% decrease from the previous close. Ethereum (ETH) has seen a slight uptick, currently priced at $2,747.86, up by 0.93%. BNB stands at $572.93, experiencing a 1.48% decline. Cardano (ADA) is marginally down by 0.29%, priced at $0.747291. Solana (SOL) is trading at $204.78, a decrease of 0.84%.

Recent analyses suggest that Bitcoin's decline is influenced by concerns over the potential impacts of U.S. tariffs imposed on products from Canada, Mexico, and China. Investors view these tariffs as inflationary, which could deter the Federal Reserve from cutting rates, thereby putting downward pressure on non-interest-bearing assets like Bitcoin.

Despite the current downturn, some analysts maintain a bullish outlook for Bitcoin in the longer term. Standard Chartered's Geoff Kendrick posits that Bitcoin could reach $200,000 by the end of 2025, driven by institutional investors continuing to invest in exchange-traded funds that track the token's price.