US President Donald Trump’s confirmation of imposing tariffs on the European Union, China, etc, has had a toll on the crypto market with Bitcoin falling to $82k.
Two upcoming events in the US this week could further put the resilience of Bitcoin to test as analysts anticipate a further decline to $74k.
US stock market witnessed a $1.3 trillion liquidation within 24 hours and the crypto market lost around $500 million, with Bitcoin declining by 7% to trade at $82k.
The two key events that could impact the market this week are the release of the Nonfarm Payrolls (NFP) report and a speech by Fed Chair Jerome Powell on the economic outlook.