Bitcoin traders in India are closely monitoring the impact of the US-led tariff war on BTC price. Despite a 2.2% gain on April 1, BTC hasn’t surpassed $89,000 since March 7. The recent price weakness is attributed to the escalating trade war, but factors affecting investor sentiment existed before President Donald Trump’s tariff announcement. Some market participants suggest that Strategy’s $5.25 billion Bitcoin purchases since February have supported BTC above $80,000. Institutional demand for Bitcoin remained strong, with spot Bitcoin exchange-traded funds seeing $2.75 billion in net inflows post Jan. 21. Traders’ disappointment stems from high expectations of a national Bitcoin stockpile promise by Trump, mentioned in July 2024. Inflationary trends and a risk-averse environment due to weak job market data have also impacted Bitcoin’s price. Investors are turning to short-term government bonds amidst declining inflation and potential interest rate cuts. While the trade war has added to the negative effects, Bitcoin’s weakness predates it. This analysis provides insight into the complex factors influencing Bitcoin’s price movements in the Indian market.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin traders in India are closely monitoring the impact of the US-led tariff war on BTC price. Despite a 2.2% gain on April 1, BTC hasn’t surpassed $89,000 since March 7. The recent price weakness is attributed to the escalating trade war, but factors affecting investor sentiment existed before President Donald Trump’s tariff announcement. Some […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/86622"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=86622"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/86622\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=86622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=86622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=86622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}