According to ChainCatcher news, CoinDesk analyst James Van Straten wrote that due to Trump's policies and the expected interest rate stance of the Federal Reserve, the continued strength of the US dollar may put pressure on Bitcoin in the coming months.
Dragosch said, "Trump has stated that he will impose tariffs on major trading partners, which could exacerbate global geopolitical uncertainty, further driving demand for the US dollar, as the dollar is seen as a safe haven during turbulent times. In addition, the Federal Reserve has conveyed to the market that they will only make two rate cuts by 2025 - far lower than previously expected. As a result, the US 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."
