Analyst: Trump's repeated tariff games may pose the biggest risk to Bitcoin bulls

Odaily Planet Daily News: Swyftx Chief Analyst Pav Hundal stated that Trump's continuous "tariff ultimatum" over the next two months is the biggest threat facing Bitcoin bulls. He pointed out that US policymakers may wait for "hard data" before starting to relax monetary policy, which could lead to slower growth and suppress market sentiment. Bitcoin had previously fallen below $100000 due to trade policy uncertainty and continued to fluctuate for three months. Although the US International Trade Court ruled on May 28th that Trump's tariffs were invalid, he has recently decided to raise foreign steel and aluminum tariffs to 50%. Hundal believes that if tariff uncertainty is lifted, Bitcoin is expected to hit $120000 in June. （Cointelegraph）