The Bitcoin chain options market (BTC) at Derive.xyz indicates a 22% probability that prices fall to $ 75,000 for March 28, a notable increase in the probabilities of 10% of last week.
The strong increase in probability follows a renewed war of import rates between the United States and its main commercial partners, Canada, Mexico and China, and will concern inflation in the global economy, which makes it difficult for central banks to Including the Fed, they reduce. Interest rates.
“Recent rates imposed by Trump, including 25% in imports from Mexico and Canada and 10% in Chinese products, can lead to greater inflation, which could cushion the feeling of investors in cryptography markets,” Said Derive in an email.
Andre Dragosch, Chief of Europe to Bitwise, said in X, that tariffs are sending shock waves through USD Strngth and contraction in the supply of global money.
Bitcoin has already fallen 11% to $ 93,700 in four days, according to Coindesk data. ETH, the second largest cryptocurrency due to market value, fell below $ 2,200 at dawn on Monday, the lowest since August 5.
BTC appears on the track to complete a double investment pattern, which would open the doors for a drop at $ 75,000.
Recently, Arthur Hayes, investment director of Maelstrom and former Bitmex CEO, said BTC will first fall to around $ 75,000 before attacking a larger bull race.
The broader perspective, however, remains constructive, according to derive.
“We are seeing a series of active presentations of ETF Spot for assets such as Doge, Sol, XRP and LTC of the main actors such as Bitwise and Grayscale. If the SEC approves them, it will indicate a greater legitimacy for the digital asset industry and activate more Capital tickets, potentially promoting upward prices, “Derive told COINDESK, pointing out the impulse to create BTC strategic reserves in several US states.
Dragosch expects the Fed to eventually intervene, placing an apartment under assets prices.
“At some point, the Fed will need to rekindle that to stop the dollar of an even more increase and stop a continuous hardening in financial conditions and deceleration in global growth,” said Dragosch of Bitwise.
