Crypto Market Cools as Bitcoin Retreats from Post-Tariff Highs

The recent rally had been fueled by a series of global developments—starting with tariff shocks in early April, followed by a UK-U.S. trade agreement, and most recently, a 90-day tax suspension deal between the U.S. and China. These events had helped push Bitcoin from its sub-$75,000 lows to triple-digit gains, positioning it as a standout performer in uncertain economic conditions.

But the crypto market is now reassessing its momentum. As traditional risk assets such as equities and fiat currencies begin to show signs of recovery, some analysts suggest Bitcoin’s edge may be narrowing—at least in the short term.

“Bitcoin outpaced everything because it was mostly shielded from tariff-related fallout,” said Nansen analyst Aurelie Barthere. “But with risk sentiment improving, capital may begin flowing back into underperforming assets like U.S. stocks and altcoins.”

Kirill Kretov of CoinPanel echoed the sentiment, describing the trade deal as a “temporary boost” for risk assets. While the tariff suspension helped reduce inflationary pressure and improved liquidity conditions, he warned that market stability could be short-lived. “As the 90-day clock runs out, we may see fresh volatility—especially if the next round of negotiations stalls,” he said.

Despite the dip, market observers remain cautiously optimistic. The short-term correction is seen by some as a breather rather than a reversal, as Bitcoin continues to trade within range of its all-time highs.

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