The United States commercial policy, promoted by the constant tariff announcements of President Donald Trump, increased volatility, fear and uncertainty.
The Cryptocurrencies fall this Tuesday, March 18. Bitcoin (BTC) It falls 2% in the last 24 hours, quoting around US $81,731.43, according to Binance. Meanwhile, the rest of the cryptocurrencies operate with a majority of losses of up to 4.4% led Solariumfollowed by Doge Coin (-4.3%) and Cardano (-3.8%).
Volatility in the markets and fears of recession
The General Panorama of the Markets remains marked by strong uncertainty. The United States commercial policy, promoted by the constant tariff announcements of President Donald Trump, has increased volatility, fear and uncertainty. Investors fear that these measures will lead to a recession in the USa concern that the government itself failed to dissipate.
Treasury Secretary Scott Besenthe acknowledged in an interview with NBC that “there are no guarantees” that the country avoids a recession, although he justified the current policies stating that they seek to “restart the economy” to avoid a greater collapse. “The corrections are healthy and normal,” Besent added, with the intention of calming the spirits.
The strong correlation between cryptocurrencies and US variable income caused this nervousness to move to the crypto market. In this contextthe attention of investors is set at the Federal Reserve Meeting (FED) of this week. Interest rates are expected to remain unchanged, although any signal on inflation and position of the Central Bank will be key, especially given the potential impact of tariffs on monetary policy.
South Korea and Bitcoin as a reserve
Meanwhile, The Korea Bank adopted a cautious posture regarding the possible inclusion of Bitcoin As part of your reservations. According to statements collected by the Korea HeraldCentral Bank officials now discard this possibility, citing the high volatility of cryptocurrency as a risk factor. “In case of instability in the cryptocurrency market, transaction costs to liquidate cash bitcoin could drastically increase,” they said.
Technical analysis: Key levels for bitcoin
From the technical point of view, Javier Molina, senior market analyst in Etoro, said that The key range for Bitcoin is still between US $ 79,000 and US $ 90,000.
“The price seems to be consuming time in this area, waiting for new catalysts,” he explains. In addition, it warns that the market feeling is still in fear, and although the output flows have decreased, they are still negative.
If Bitcoin loses the level of US $ 79,000a bearish movement would be activated with an objective in the 73,000, which would develop quickly and abruptly. Instead, To resume the upward trend, the key is to recover and overcome the US $ 90,000.
Source: Ambito
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