Kaiko: The trade war between the USA and China has heightened the pessimism of crypto investors.
Kaiko analysts reported that the uncertainty surrounding the trade war initiated by US President Donald Trump has led to increased volatility in the market.
"Macroeconomic instability has risen, and China's retaliatory strike threatens to disrupt a potential cryptocurrency rally, which could trap the bulls. Among traders, there has been a growing demand for protection against downturns," the experts stated.
In their opinion, investors should exercise caution for the next few months. Positive prospects for the crypto market will only arise by the end of the year when the situation in the global economy stabilizes, according to Kaiko.
