K33 Says Trump Will Revive Bitcoin: Everyone Is Waiting For That Date! - Coin Newsletter

The crypto market has shown a calm rise following the soft tariff and FED approach of the US administration, but volatility due to tariffs may increase ahead of Trump's "Freedom Day" on April 2nd.

Bitcoin (BTC), last week tested the $88,000 level with a 5% increase, while the GMCI 30 index representing the overall cryptocurrency market recorded a rise of 8.6% in the last seven days. US spot Bitcoin ETFs reached net inflows of $896.6 million over the past eight days, indicating that selling pressure has decreased.

K33 Research Director Vetle Lunde and Senior Analyst David Zimmerman emphasized this situation in the report they published on Tuesday, highlighting that the strategy is returning to large Bitcoin purchases.

In the cryptocurrency market, it is stated that the risk mitigation process of BTC, in particular, has been largely completed and investors have switched to a wait-and-see approach. However, volatility in the market may increase ahead of the tariff announcement on April 2. Goldman Sachs points out that Trump's tariff decisions carry the risk of a potential negative surprise, especially in this tool used to build bargaining power.

If Trump softens his stance, markets may recover; however, if uncertainty continues, volatility may increase for both long and short positions. Similar to the sharp declines experienced in the past regarding tariff wars, a tough stance from Trump could lead to a sharp downturn in the market.

The Bitcoin price is trading at around 86,567 dollars, showing a %1.40 decrease at the time of writing.