QCP said today that Trump will create pressure on Bitcoin: No rise in sight soon! - Coin Bulletin

Trump's statement on the expected new tariffs on Independence Day in the US could create short-term pressure on risky assets.

According to the assessment by QCP Capital dated April 2, the protectionist economic policies of the USA are being re-implemented. President Donald Trump is expected to announce extensive tariff measures in the White House garden in the evening.

It is anticipated that this step will target many countries, primarily China, Japan, Canada, and the European Union. On a global scale, it is noted that these moves increase the risk of the US being pushed into an isolated position.

According to QCP, there is currently a general atmosphere of uncertainty in the markets. The fact that China, Japan, and South Korea are moving to increase their joint trade partnerships indicates that countries outside the US are starting to band together more closely. In light of these developments, pressure on all risk assets may continue in the short term. However, some positive differentiations may be seen over time in markets outside the US. The warning that it could push itself aside due to US policies is also noteworthy.

The FED's move remains uncertain

The Federal Reserve's actions in this environment are still not clear. While a 2.5 rate cut is still being priced in for 2025, the inflation pressure that could arise from tariffs, in particular, brings along the risk of stagflation. In this situation, it seems more likely that the Fed will adopt a wait-and-see policy rather than a rate cut.

(# Weak performance in the crypto market

The cryptocurrency market presents a directionless image amidst all these developments. While Bitcoin is trading uncertainly at )BTC###, Ethereum is trying to maintain the support at 1,800 dollars (ETH). However, many altcoins have lost nearly 90% of their value since the beginning of the year. QCP states that they do not expect a strong recovery unless a clear macroeconomic catalyst emerges. The institution believes it is too early to chase any upward movements in the current scenario.