Trump trade tariffs aftermath: Possibility of further decline in cryptocurrency market

The cryptocurrency market is showing an overall downward trend due to trade tariffs announced by US President Donald Trump, and the market is expected to fall further.
On the 2nd (local time), cryptocurrency trader and analyst Van Nuener
Nuener) said that the cryptocurrency market fell further after the US futures market opened on the same day.
"There is a high possibility that the futures market will start to decline, which could affect the cryptocurrency market," Nuener said on social media.
Arthur Hayes, co-founder of BitMEX, said in a December op-ed that the cryptocurrency market would collapse if President Trump were to take office.
Hayes said he expected a sell-off in cryptocurrency sales. He said the expectation that a pro-cryptocurrency president would be elected would fade over time, and that the passage of cryptocurrency-related legislation would be delayed in the short term.
"The market will come to understand that this is not something that will be done in a straightforward manner," said Ryan Lee, senior analyst at Bitget Research.
Lee also predicted that Bitcoin could adjust to $95,000 in the short term. "The labor market data and the Federal Reserve's
"Macroeconomic factors, including the policies of the U.S. Department of Energy (USD) and the U.S. Federal Reserve (Fed) will be key variables determining the direction of Bitcoin price in the coming weeks."