As this article is prepared, the king cryptocurrency is increasing its losses, hovering around $86,500. Following the failure to surpass the $89,000 barrier, this decline has largely been fueled by tariff-related announcements. Concerns that trade wars will constrict liquidity and erode technology stocks explain the recent weakness.
Fed Market Commentary
The most accurate predictions regarding the economic outlook can be provided by Fed members. In today’s assessment, Kashkari highlighted the strong negative impact of tariffs on consumer confidence. He expressed that if consumer confidence remains negatively affected for an extended period, his concerns will grow.
Consumer Confidence IndexThe good news is that with the easing of tariffs, this confidence could be restored. For cryptocurrencies, this situation will be critical for directional determination after April 2. Key takeaways from the Fed member’s speech are as follows;
“We have made significant progress in reducing inflation, but much work rema...
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