Analysis: Bitcoin rose first and then fell US tariffs became more favorable because subsequent risks led to a decline
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2025-03-25 18:03 5,168
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Bitcoin fell slightly after rising to its highest level in more than two weeks on Monday, Golden Finance reported. Previously, the market hoped that the U.S. tariff scope would not be as wide as it was worried, providing impetus for Bitcoin's rise. The Wall Street Journal reported over the weekend that the U.S. reciprocal tariff measures that will come into effect on April 2 will be more targeted than originally expected. This boosted U.S. stock markets and risky assets, including cryptocurrencies. "However, market sentiment is fading because the situation is unclear next week and the possibility of secondary tariffs for countries buying oil from Venezuela has added new variables to the trade war initiated by President Trump," said Catherine Brooks, an analyst at Dutch Securities.