$BTC Macroeconomic Risks Threaten Bitcoin

US trade policies and Trump’s tariffs are having a negative impact not only on the US economy but also on global markets. In particular, the pressure that new tariffs could put on crypto assets could trigger Bitcoin’s short-term selloff. However, Bitcoin’s future does not only depend on trade policies. Global liquidity conditions, the Fed’s interest rate decisions and monetary steps such as quantitative easing (QE) will be more crucial factors determining Bitcoin’s price movements.

Given the current situation, Trump’s statements and trade policies have added pressure to traditional markets, contributing to Bitcoin’s gradual decline. Reaction buying has remained limited as selling pressure has built up since February.

While the crypto market’s internal dynamics are strong, the dominance of ETF-driven trading has made traditional market influences more pronounced. This has kept Bitcoin from acting as a safe haven and increased its correlation with riskier assets like stocks.