Bitcoin Hovers at $100,000... US Trade Negotiations Are Key

Source

JOON HYOUNG LEE

Summary

It was reported that the recent Bitcoin price dropped from $110,000 to the low $100,000s.
It was stated that the uncertainty in US tariff policy and the upcoming deadline for trade negotiations are key variables for short-term prices.
Global investment banks and experts suggested the possibility of Bitcoin reaching $200,000 by the end of this year.

Cryptocurrency A to Z

Trump Tariffs and Other Impacts

If the Negotiations Conclude by the 4th of Next Month

Bitcoin Headwinds May Ease

Possibility of Fed Rate Cuts

"Bullish in H2" Forecasts Emerge

Last month, the price of Bitcoin surpassed $110,000 for the first time in history but fell to just above the $100,000 mark. The market is closely watching to see if Bitcoin prices will rebound in earnest next month, when the outline of trade negotiations between the United States and major countries is expected to unfold.

According to CoinMarketCap, a virtual asset market monitoring site, the price of Bitcoin has been declining since hitting a record high at the end of last month. On the 6th, it even dropped to around $100,300 at one point, threatening the $100,000 threshold. As a result, the Cryptocurrency Fear & Greed Index, which reflects investor sentiment, shifted from the 'Greed' phase last month to the 'Neutral' stage this month.

Analysis suggests that it will be difficult for Bitcoin to find strong upward momentum this month. In particular, tariff risks originating in the United States are cited as the biggest obstacle. This is due to the surge in uncertainty regarding tariff policies during Donald Trump’s second administration, as the US courts have judged mutual tariffs unconstitutional and US-China trade talks have stalled. Disputes between US President Donald Trump and Tesla CEO Elon Musk, which have emerged through exchanges on social media, have also added to the negative impact on Bitcoin.

The key moment will come next month. The United States has set the 4th of next month as the deadline for trade negotiations with major countries. Expectations are also rising that the US central bank (Federal Reserve) will soon cut interest rates. Global virtual asset exchange Bitfinex predicted that if conditions such as institutional buying and weak employment indicators are met, Bitcoin prices could break through $115,000 in early next month.

Experts believe that the Bitcoin bull market is not over yet. This view is supported by a recent report from global investment bank Standard Chartered (SC), which projected that Bitcoin could reach $200,000 by the end of this year. Singapore-based virtual asset investment firm QCP Capital commented, "Despite recent risk-averse sentiment, companies are instead buying Bitcoin," adding, "Even with tariff uncertainties and similar factors, Bitcoin’s short-term volatility will likely remain low."

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