9 April | Bitcoin

Bitcoin faces mounting pressure as Trump's tariffs and market sell-offs take their toll

Bitcoin faces mounting pressure as Trump's tariffs and market sell-offs take their toll

The recent plunge in global financial markets has sparked greater anxiety among investors, particularly due to a significant drop in Bitcoin. Coinotag believes that this decline illustrates geopolitical tensions driving growing volatility.

On Wednesday, Australian stocks opened down 2%, effectively erasing the gains from the previous day. The primary concern fueling this trend is the uncertainty surrounding a potential trade deal between the US and China. Around $400 million has already been wiped out in cryptocurrencies following the bearish sentiment in traditional markets. 

The balance between long and short positions in Bitcoin has shifted recently, with short positions now representing about 55% of total trader interest. According to the news site, trade relations between major global powers are uncertain, causing market participants to be cautious.

Investors are seeking refuge in safe-haven assets as the Trump administration implements new import tariffs. Researchers at Coinotag report that Bitcoin is currently being viewed as an indicator of macroeconomic risk.

Elena Berseneva MarketCheese
Period: 11.07.2025 Expectation: 920 pips
GBPUSD falls as UK GDP unexpectedly shrinks
Today at 10:42 AM 3
Brent sell
Period: 17.07.2025 Expectation: 150 pips
OPEC's gloomy forecast drags Brent crude prices lower
Today at 08:53 AM 9
Period: 17.07.2025 Expectation: 26000 pips
Institutional investor demand could push ETHUSD to 3,000
Yesterday at 10:38 AM 35
Period: 16.07.2025 Expectation: 2000 pips
USDJPY prepares to retest 148 Level
Yesterday at 08:19 AM 38
Period: 16.07.2025 Expectation: 900 pips
NVIDIA shares rise amid global AI infrastructure investments
09 July 2025 66
Period: 15.07.2025 Expectation: 800 pips
Breaking downtrend could push USDCAD to 1.375
09 July 2025 44
Go to forecasts