According to TechFlow, CoinDesk analyst James Van Straten said that Trump's policies and the Fed's interest rate stance could put pressure on Bitcoin. Dragosch pointed out that Trump plans to impose tariffs on major trading partners, increase geopolitical uncertainty, and boost demand for the U.S. dollar, which is seen as a safe haven in turbulent times.
The Federal Reserve plans to cut interest rates only twice by 2025, which is lower than expected, leading to a stronger dollar and higher yields. These factors put pressure on Bitcoin, and the macro economy becomes a headwind.
