#CircleIPO 70% chance that cryptocurrencies will hit bottom before June amid trade fears
The cryptocurrency market is expected to hit bottom in the next two months, but the timing will depend on the tone of global tariff negotiations.
The cryptocurrency market could locally hit bottom in the next two months amid global uncertainty over ongoing import tariff negotiations, which have been limiting investor sentiment in traditional and digital markets.
U.S. President Donald Trump will detail on April 2 his reciprocal import tariffs, measures aimed at reducing the country's estimated $1.2 trillion trade deficit in goods and boosting domestic manufacturing.
While global markets were affected by the first tariff announcement, there is a 70% chance that cryptocurrency valuations will hit bottom in June, according to Aurelie Barthere, senior research analyst at the cryptocurrency intelligence platform Nansen.
