Bitcoin eyes new high on tariff deadline, Musk love: Analysts
Bitcoin is currently trading just 2% below its all-time high as analysts predict new records this week, with the US trade tariff deadline an an upcoming “Crypto Week” potentially driving market volatility.
Bitcoin could set a new record high as early as this week, with all eyes trained on the United States’ trade tariff deadline on Wednesday, which could unlock risk appetite, along with an upcoming “Crypto Week” in the country’s capital.
“Bitcoin is likely to set a new all-time high this week or next,” the head of research at 10x Research, Markus Thielen, told Cointelegraph on Monday.
He added that post-July 4th seasonality “tends to be bullish, and markets have largely shrugged off tariff-related risks.”
