Analyst: Tariff uncertainty rekindles, Bitcoin under pressure falls

The Asian trading week opened with Bitcoin falling due to uncertainty over tariffs heating up again. The cryptocurrency fell to $64,338 in early trading, with Ethereum and Ripple also dropping in tandem. Analyst Linh Tran from the trading platform XS.com stated that Bitcoin's retreat reflects a return to cautious sentiment in the risk asset market. A court ruled President Trump's tariff policy illegal, leading the government to announce new global tax measures, significantly exacerbating global trade uncertainty. The analyst pointed out that for Bitcoin, policy uncertainty typically triggers short-term safe-haven sentiment, with investors prioritizing cash and bonds over volatile assets. Another key factor is the noticeable decrease in Bitcoin ETF fund inflows, directly affecting market demand and weakening expectations for a sustainable bull market in the short term.