A US-led tariff war, preexisting economic sanctions, and global Bitcoin and stablecoin adoption could play a role in some countries’ attempts to dedollarize.
Bitcoin is in the process of breaking its multiyear uptrend against gold, mirroring the March 2021–March 2022 fractal, suggesting BTC price could drop below $65,000.
Bitcoin price is flatlining within a narrowing range amid increasing economic uncertainty and trade wars, resulting in weakening demand for risk assets such as BTC.
Bitcoin buyers feel the pain of BTC price fluctuations, with loss-making transactions seeing recent hodlers' realized cap dive by $100 million since February.