![Pinterest](https://pinterest.com/pin/create/button/?url=https://unocrypto.com/bitcoins-slow-market-likely-to-persist-until-u-s-sentiment-shifts-says-cryptoquant-ceo/&media=https://unocrypto.com/wp-content/uploads/2025/03/Bitcoins-Slow-Market-Likely-to-Persist-Until-U.S.-Sentiment-Shifts-Says-CryptoQuant-CEO.png&description="Until sentiment in the U.S. improves, the Bitcoin market is likely to remain slow," argues Ki Young Ju, CEO of CryptoQuant.){kind=link}
CryptoQuant CEO Ki Young Ju took to X to express his views on how Bitcoin might fare in the coming days.
In his X post, Ki Young Ju write, “Bitcoin market will likely remain slow until sentiment in the U.S. improves.”
He adds, “There’s no significant on-chain activity, and key indicators are neutral, suggesting the bull cycle is still intact. Fundamentals remain strong, with more mining rigs coming online. If the cycle ends here, it’s an outcome no one wanted—not old whales, mining companies, TradFi, or even Trump. (FYI, the market doesn’t care about retail.)”
The rather harsh comments come at a time when Bitcoin prices have been struggling to find direction, trading lower. At the press time, the OG-crypto is down 10.6% at $83,101.72.
Bitcoin’s Takes Cues From US Markets: Trump’s Dicey Policies Create Bearish Trade
In a surprising turn of events, Trump’s power in some political arenas has stoked concerns that his policies may result in harsher government actions, which has further tempered the excitement around the price of Bitcoin.
Bitcoin has been volatile and has dropped in value following these events. Because political unpredictability may continue to impact Bitcoin’s short-term performance, market observers are keeping a close eye on the situation.
A combination of Trump’s tough trade measures, rising concerns about a recession, and a significant selloff in international markets has resulted in the recent negative trading of Bitcoin.
US Crypto Reserve, Tariffs Create Panic in Bitcoin Market
Trump’s surprise announcement that the crypto reserve will comprise Solana, Cardano, and XRP instead of only Bitcoin, as many had anticipated, further exacerbated the confusion. Investors are divided over this unexpected move, with some doubting the reserve’s credibility.
Additionally, a key component of Donald Trump’s trade policy, the introduction of tariffs was intended to boost American manufacturing and close the U.S. trade deficit.
To put pressure on other governments to negotiate better trade agreements, Trump has imposed taxes on a variety of imports, focusing especially on China.
Steel, agriculture, and manufacturing were among the industries that were impacted by the trade war that resulted from these duties and the retaliatory tariffs imposed by other nations.
However, Trump’s tariffs were condemned by some for raising consumer prices and upsetting international supply networks, while others viewed them as essential for safeguarding American industry. The long-term effects on the economy are still up for dispute.
CryptoQuant CEO Says US is Using Crypto Market For Personal Benefits
Ki Young Ju’s current prediction on Bitcoin price comes as just yesterday the CEO of CryptoQuant made some startling claims about the United States controlling the cryptocurrency market.
Ki Young Ju discussed the topic of Donald Trump prioritizing US-based cryptocurrency in his X post, saying that “The crypto market is increasingly becoming a weapon of the United States,”
He also added, “Anything that helps Trump and serves the national interests of the United States is no longer illegal.”
Also Read: Polymarket Odds for U.S. BTC Reserve Surge From 42% To 63% As Market Reacts To Trump’s Announcement