Yesterday was a typical day for cryptocurrencies, with few data and news on the radar, the dollar seemed to be influenced by a global price correction and profit-taking movement.
On the global scene, there are concerns regarding the health of the world's largest economy, as investors worry about a potential trade war caused by Trump's tariffs, which could affect an already slowing activity.
The pessimistic sentiment regarding the US economy is already real, due to weaker than expected employment data from the previous week, and a deterioration in the economic outlook of consumers and entrepreneurs, which gained strength over the weekend due to Trump's comments.
"In an interview with Fox News, Trump avoided predicting the consequences of his tariff measures, signaling that the US will go through a "transition period" while adapting to the actions taken by his administration.
The market interpreted Trump's message as an opening to the possibility of a "short-term recession" in order to accommodate the implementation of his more aggressive economic measures.
Analysts indicate that Trump's tariffs may increase inflation in the US and weigh on the economy by causing entrepreneurs to hold back investments.
"The last few days have been marked by strong pessimism and global risk aversion, which triggered a flight to quality, with investors seeking safe-haven assets.
Today, we see the market returning a bit, giving back some of that movement. But the theme remains very strong in the market.
Amid uncertainties about Trump's trade policies, who announced reciprocal tariffs in early April, the markets were positioning themselves for the release of more economic data this week.
The highlight will be the US consumer inflation report for February, published on Wednesday, as the market seeks indications about the space that the Federal Reserve will have to cut interest rates this year, which could help alleviate fears of recession.