CandleFocus Here’s Why Bitcoin is Stumbling at the Start the New Week
2025-02-10
Author: Content Editor
Bitcoin and the broader crypto market are showing signs of uncertainty as they struggle to establish a clear direction. The price of Bitcoin fell initially before rallying, indicating market volatility. This uncertainty is driven by President Donald Trump's plans to implement new tariffs on steel and aluminum, which could negatively impact risk markets. Similar tariff announcements last week caused Bitcoin to drop and led to significant losses in the crypto market. The market stabilized when the tariffs were halted on China and Mexico, but investors remain cautious. Concerns around the tariffs complicate the Federal Reserve's fight against inflation and add to existing fears about liquidity. However, a weaker-than-expected jobs report may offer some hope for a reversal in the Federal Reserve's stance. Overall, the market is uncertain and investors are on edge.
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