Bitcoin Holds $83K, But Trade Disputes Threaten Further Gains
Bitcoin hovers around $82,692, down 1.3% in 24 hours, as global trade tensions weigh on sentiment. Tariffs imposed by President Trump and retaliatory measures from Canada and the EU fuel recession fears, impacting risk assets.
Despite an 8.58% weekly decline, analysts remain split—some see BTC as an inflation hedge, while others expect further declines. Market metrics show a balanced battle between bulls and bears, with BTC’s next move hinging on its ability to hold the $80K support level.
Clever Robot News Desk 16th March 2025
