Cryptocurrency markets are trading lower amid heightened macroeconomic tensions

Cryptocurrency markets are trading lower amid heightened macroeconomic tensions, including a fresh tariff threat by president Donald Trump.

Cryptocurrency markets are trading lower amid heightened macroeconomic tensions. President Donald Trump's fresh tariff threat has added to the selling pressure.

Notable Statistics: BTC is currently trading at $108,898.7, marking a 0.86% decrease over the past 24 hours. It has experienced a price range of $106,000 to $110,000.

Notable Developments: President Trump announced on Thursday that he is planning to impose tariffs on European Union goods in retaliation for what he claims are unfair trade practices by the EU, specifically in the agricultural sector. The White House is expected to provide further details on Friday.

Top Losers: Among the top six cryptocurrencies, BNB sustained the most significant loss of 2.46%, followed by ADA with a 1.07% decline, and SOL with a 0.58% decrease.

Trader Notes: Crypto trader Mayne anticipates Bitcoin's pullback to be a dip into a key demand zone at around $106,000. This pullback is likely an overreaction to Trump's comments about tariffs on EU goods.

If this level holds, it could set up a bullish weekend for BTC and altcoins.

CryptoCon points out this cycle is diverging from past bull runs, with exchange balances decreasing, not increasing. This suggests that retail investors haven't joined the market yet, and the mania phase is still to come.

Pentoshi remains optimistic in the long term, stating that Bitcoin is on track to break its all-time high against gold and continue to rise. The rapid growth of the ETF market and ongoing institutional adoption are the key drivers for this move.

Follis highlights Bitcoin's month-long ascending channel, which is being respected. As long as this channel holds, any pullbacks to the Fib level near $106,000 create buying opportunities, with the potential for new highs. Only a breakdown below the channel would warrant setting up swing short trades.