Crypto market likely to hit bottom by June due to trade uncertainty

From Cointelegraph

April 2, 2025 7:24 am:

The cryptocurrency market may reach a local bottom in the next two months due to global uncertainty surrounding import tariff negotiations impacting investor sentiment in traditional and digital markets. President Trump is set to detail reciprocal import tariffs on April 2 to reduce a $1.2 trillion trade deficit and boost domestic manufacturing.

Aurelie Barthere, a principal research analyst at Nansen crypto intelligence platform, estimates a 70% chance for cryptocurrency valuations to bottom by June. BTC and ETH are currently trading 15% and 22% below their year-to-date highs. Barthere believes upcoming discussions will be crucial market indicators.

Bitcoin needs to hold $82k amid crypto market “wait and see” mode. The Crypto Fear & Greed Index remains above “extreme fear,” suggesting some improvement despite caution. Bitcoin is consolidating within $82,000 – $85,000, with support at $82,000 and potential upside toward $86,500 and $90,000 if sentiment stabilizes. Traders await a breakout above $84,500 for more momentum amidst tariff uncertainty.

Read more at CoinTelegraph: 70% chance of crypto bottoming before June amid trade fears: Nansen