Analysts: Market sentiment suppresses Bitcoin rebound, support absence increases tension
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Golden Finance reported that Hargreaves Lansdown analyst Susannah Streeter said in the report that speculators betting on Bitcoin’s sharp rebound were disappointed as the cryptocurrency market is still hit by negative sentiment. Trump's tariff threats keep investors away from risky assets. Hackers have also caused turbulent investors' emotions.
Although Bitcoin has recovered slightly, given the rapid depreciation, Bitcoin still has a long way to go to the rise. “If Trump doesn’t have any firm moves to show his support for the cryptocurrency industry, the tension seems to continue.”