Bitcoin Bottom Possibly Forming Amid Tariff Easing Expectations
- Bitcoin’s price fell to $77,000 on March 10, potentially marking a cycle bottom.
- The cryptocurrency has since increased by over 10%, trading around $87,650.
- US President Donald Trump is expected to soften his stance on reciprocal tariffs effective April 2.
- The Federal Reserve plans to slow balance sheet drawdown and end quantitative tightening.
- Crypto analyst Ali Martinez notes Bitcoin transaction fees have nearly tripled recently.
Bitcoin’s recent price increase follows expectations of tariff easing and Federal Reserve policy shifts, with the digital asset currently trading at $87,650.
Source (2.6)https://www.newsbtc.com/bitcoin-news/bitcoin-bottom-in-sight-as-trump-expected-to-soften-stance-on-reciprocal-tariffs-report/?rand=52377
