Despite a slight increase in altcoin prices today, Bitcoin $84,194‘s failure to reclaim the $86,000 mark signals negative sentiment. Furthermore, with volumes weakening, we are likely to see even lower trading activity in the next two days. This situation alone is enough to demoralize altcoin investors, especially as we approach mid-March without any progress on customs tariffs.
The United Kingdom has not retaliated on customs tariffs, but a trade agreement remains unsigned. Larger customs tariffs affecting everyone will come into effect on April 2. President Trump has repeatedly stated there will be no turning back from this point.
Consequently, it is probable that negativity will persist strongly until April 2. On the other hand, the likelihood of a compromise is diminishing as days pass. Despite being mid-March, the EU has announced its retaliation decision, asserting that the U.S. is not inclined to negotiate. Canada has temporarily backed off its energy measures, but once April rolls in, they may reinstate those plans. Overall, …