Trump’s 25% Iranian Tariff Shocks Markets as Bitcoin Stalls at Major Resistance, Options Reset, and Macro Volatility Traps BTC and ETH in a Choppy Range.
Summary
- Bitcoin and Ethereum fell after Trump announced a 25% tariff on all countries trading with Iran, while Dash and Monero performed better.
- Bitfinex analysts say BTC is limited by a tight supply zone and declining options opening interest, keeping the price range locked despite long-term bullish positioning.
- LMAX’s Joel Kruger warns that increased macro volatility from US data, Fed signals and geopolitical tensions will determine whether BTC and ETH will break consolidation.
According to market data, Bitcoin fell following US President Donald Trump’s announcement of a 25% tariff on all countries trading with Iran. Ethereum also saw modest losses during the same period.
Bitcoin responds to Trump’s renewed tariff on trade with Iran
Bitfinex analysts have released an analysis stating that while long-term sentiment remains positive, investors have taken a cautious stance in the short term. The analysts noted that Bitcoin’s upward movement is limited by a strong resistance zone, with multiple rejections at this level occurring in recent weeks.
According to the Bitfinex report, Bitcoin is currently approaching a tight supply zone characterized by significant recent buyer activity and a broad cost base. The analysts said that until this supply zone clears, the market is expected to remain within a range with gradual gains, rather than entering a sharp uptrend.
The report also indicates that open options positions have decreased by almost half, indicating a “clean picture” in the derivatives market. Data from the derivatives market shows that investors are taking long-term bullish positions, with increased interest in long-term call options, which the analysts interpreted as an indication of optimism about future price movements.
LMAX strategist Joel Kruger warned in a statement that macroeconomic volatility is expected to remain high in the coming period. Kruger cited a busy schedule, including the release of U.S. inflation data, major bank earnings reports, Federal Reserve statements, geopolitical tensions and an ongoing Justice Department investigation involving the Federal Reserve chairman.
Kruger stated that specific price levels for Bitcoin and Ethereum remain critical indicators in determining whether the current consolidation phase will trigger a new uptrend.
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