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Crypto and Bitcoin Shrouded in Negative Sentiment

US President Donald Trump announced details of new tariffs, extending pressure on demand for risky assets in global markets.

Trump's statement that his administration will impose a 25% tariff on the European Union, while previously announced tariffs on Mexico and Canada will take effect on April 2.

"The debate continues over whether the president will delay and loosen this policy again, or actually start to apply more aggressive rhetoric," said Marvin Loh from State Street.

President of the Federal Reserve Bank of Atlanta, Raphael Bostic, emphasized that the US Central Bank (Federal Reserve/The Fed) should maintain interest rates at the current level to continue to curb inflation.

"We need to stay in this position," Bostic explained in Atlanta on Wednesday. "We can say that the employment mandate has been achieved, and now we need to control the price stability mandate," he continued.

"We need to remain in a restrictive policy," he asserted.

Fed policymakers decided not to change interest rates last month, giving them more time to assess inflation developments as well as the impact of President Donald Trump's policies on the economy. Currently, the Fed's benchmark interest rate is in the target range of 4.25% to 4.5%, down one full percentage point since September. #BinanceAlphaAlert $BTC