MARKET OVERVIEW - Decreased risk appetite has led to a decline in Bitcoin prices.
Foreks - Bitcoin experienced a decline on Monday after rising to its highest level in over two weeks, driven by hopes of less broad-based U.S. tariffs than feared. The Wall Street Journal reported over the weekend that the mutual customs tariffs set to take effect on April 2 would be more targeted than initially thought. This development boosted U.S. stocks and risk assets, including cryptocurrencies.
Kathleen Brooks from XTB noted, "However, the lack of clarity about what will happen next week and the possibility of secondary tariffs on countries buying oil from Venezuela could dampen sentiment, adding a new dimension to President Trump's trade wars." Bitcoin reached a peak of $88,771 on Monday but fell by 1.35% today, settling at $86,713.