Bitcoin Reaction to Tariffs Seen Varying WidelyMarket Talk

The potential price reaction of bitcoin to "Liberation Day" tariffs could swing in either direction, says Nic Puckrin of Coin Bureau. Should tariffs create a market shock, then bitcoin prices could fall to as low as $73,000 per coin, says Puckrin in a note. However, "softer news than feared" may spur a rally in prices, with Puckrin forecasting a rally to as high as $88,000. "With the long/short ratio currently sitting close to 50/50, we really could go either way right now, showing just how uncertain the current macro backdrop is," he says. Bitcoin prices are down 0.4% over the past 24 hours, trading at $83,695 per 1 BTC, according to data from CoinMarketCap. ([email protected])