ChainCatcher message, CoinDesk analyst James Van Straten stated that the ongoing strength of the dollar, due to Trump's policies and the Federal Reserve's expected interest rate stance, may put pressure on Bitcoin in the coming months.

Dragosch stated, "Trump's announcement of tariffs on major trading partners may exacerbate global geopolitical uncertainty, further driving demand for the dollar, as the dollar is seen as a safe haven in turbulent times. Additionally, the Federal Reserve has conveyed to the market that they will only implement two rate cuts in 2025—far below previous expectations. Because of this, the dollar is appreciating, and yields continue to rise. I believe this is also one of the factors currently putting pressure on Bitcoin. The macroeconomic environment is now a headwind."