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Weekly Price Analysis: Crypto Prices Reel from Risk Off Sentiments

Weekly Price Analysis: Crypto Prices Reel from Risk Off Sentiments
The price of Bitcoin has been declining following President Trump's announcement of tariffs on Canada, Mexico, and China. Investors have been shifting towards safe-haven assets like Gold, causing Bitcoin and other risky assets to trend lower. Bitcoin has experienced consecutive lower lows on its substructure and traded into a daily demand zone, but rose to an internal supply zone before ending the week lower. Open interest on the CME, where Bitcoin Futures are traded, fell as traders closed contracts due to uncertainty caused by the tariffs. Meanwhile, spot BTC ETFs saw positive net flows despite some outflows. If Bitcoin remains above the demand zone, its overall structure should remain bullish, but a daily close below the demand zone may trigger a sell-off. Ethereum's price has also been on a downtrend since mid-December. It has logged consecutive lower lows but has shown improvement recently. Open interest on Binance, where Ethereum Futures are traded, has declined, potentially leading to further price declines. Spot ETH ETFs saw positive inflows throughout the week, except for Friday. The next probable support zone for Ethereum's price is around $2,200, and further uncertainty caused by tariffs could push the price there.

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