The Bitcoin Chain (BTC) Options market on Derive.xyz indicates a probability of 2% prices at $ 75,000 on March 28, a significant increase compared to 10% like last week.
The strong increase in probabilities follows a rebounded the pricing war for imports between the United States and its main business partners, Canada, Mexico and China and concerns will add to inflation in the global economy, which makes it difficult For central banks, including Fed, to reduce interest rate.
“The recent prices imposed by Trump, including 25% on imports from Mexico and Canada and 10% on Chinese products, are likely to lead to increased inflation, which could reduce the feeling of investors on the cryptographic markets”, said Derive in an email.
Andre Dragosch, head of Europe in Bitwise, said on X, that prices send shock waves via USD STRNGTH and contraction in the global money supply.
Bitcoin has already dropped from 11% to $ 93,700 in four days, show Coindesk data. ETH, the second largest cryptocurrency by market value, fell below $ 2,200 early Monday, the lowest since August 5.
BTC appears on the right track to complete a double reversal model, which would open the doors for a drop at $ 75,000.
Recently, Arthur Hayes, director of investments at Maelstrom and former CEO of Bitmex, said that the BTC would first increase to about $ 75,000 before rejecting a larger bull race.
According to Derive, the wider perspectives remain constructive.
“We note a certain number of FNB deposits active for assets like Doge, Sol, XRP and LTC of main players such as Bitwise and Grayscale. If the dry approves them, it will signal greater legitimacy for the digital asset industry and The more potential pricing will be triggered more on the rise in prices, “said Derive at Coindesk, noting the momentum to create BTC strategic reserves in several American states.
Dragosch expects the Fed to eventually intervene, putting a floor under the prices of assets.
“At one point, the Fed will have to rekindle the QE to slow down the dollar to go up more and stop a continuous tightening in financial conditions and the deceleration of global growth,” said Dragosch of Bitwise.
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