70% Chance of Crypto Bottoming Before June Amid Trade Fears: Nansen
Despite growing tariff-related uncertainty, there is a 70% probability that cryptocurrency markets will find the local bottom in the next two months, which will serve as the supporting foundation for the next leg up in the 2025 cycle, according to Nansen analysts.
Savvy Traders Continue Making Generational Wealth Despite Volatility
Savvy traders continue making generational wealth despite growing volatility and lack of risk appetite. One unidentified trader turned an initial $2,000 investment into over $43 million by trading the popular frog-themed memecoin, Pepe.
The Cryptocurrency Market May See a Local Bottom in the Next Two Months
The cryptocurrency market may see a local bottom in the next two months amid global uncertainty over ongoing import tariff negotiations, which have been limiting investor sentiment in both traditional and digital markets.
US President Donald Trump’s Tariff Announcement
US President Donald Trump on April 2 announced reciprocal import tariffs, measures aimed at reducing the country’s estimated trade deficit of $1.2 trillion in goods and boosting domestic manufacturing.
Nansen’s Research Analyst Estimates a 70% Probability of Crypto Prices Bottoming
According to Aurelie Barthere, principal research analyst at the Nansen crypto intelligence platform, Nansen data estimates a 70% probability that crypto prices will bottom between now and June, with BTC and ETH currently trading 15% and 22% below their year-to-date highs, respectively.
Upcoming Discussions Will Serve as Crucial Market Indicators
The research analyst told Cointelegraph: "Once the toughest part of the negotiation is behind us, we see a cleaner opportunity for crypto and risk assets to finally mark a bottom."
Conclusion
In conclusion, the cryptocurrency market is expected to find a local bottom in the next two months, with a 70% probability of this occurring. Despite growing uncertainty, savvy traders continue to make generational wealth, and upcoming discussions will serve as crucial market indicators.
FAQs
Q: What is the probability of crypto prices bottoming before June?
A: According to Nansen, there is a 70% probability that crypto prices will bottom between now and June.
Q: What is the current trading range for BTC and ETH?
A: BTC is currently trading 15% below its year-to-date highs, and ETH is trading 22% below its year-to-date highs.
Q: What is the estimated trade deficit of the United States in goods?
A: The estimated trade deficit of the United States in goods is $1.2 trillion.
Q: Who is Aurelie Barthere?
A: Aurelie Barthere is the principal research analyst at the Nansen crypto intelligence platform.
Q: What is the next leg up in the 2025 cycle?
A: According to Nansen analysts, the next leg up in the 2025 cycle will be supported by the local bottom found in the next two months.
