Bitcoin moves sideways amid fears of recession

Trump Denies Exemption from Mutual Tariffs on Electronic Products
BTC and Altcoins Continue Moderate Trading on the 13th
Experts Forecast "BTC Has Potential for Rebound"

Bitcoin (BTC) remained stagnant on the 14th due to global economic recession fears.

President Trump clarified that he is not excluding electronic products from mutual tariffs. Last week, the US Customs and Border Protection (USCBP) announced the exclusion of electronic products, including semiconductor equipment, from mutual tariffs. He completely denied this.

The fear that the trade war initiated by President Trump has not yet ended led to global economic recession fears, and the cryptocurrency market, which had rebounded over the weekend, fell again.

Bitcoin hovered around the $84,000 range, and most altcoins continued a flow not significantly different from the previous day.

◇Bitcoin = At 4 PM on the 14th, the Bitcoin price on Upbit was 122,740,000 won. Bitcoin's dominance was 63.54%.

According to the on-chain analysis platform Sigbit, the long and short betting ratio in the Bitcoin futures market was 49.10% and 50.90%, respectively.

Despite Bitcoin's moderate trading, there were opinions that this is merely an adjustment before a bull market.

Cryptocurrency media News BTC reported, "Bitcoin price decline is temporary, and experts predict a steep upward trend can continue for the time being."

The primary basis is the Bitcoin holding situation of long-term holders. News BTC stated, "Investors holding Bitcoin for 3-12 months have been accumulating assets showing a stable increase."

◇Rising Coins = At 4 PM on the 14th on Upbit, the cryptocurrency with the largest increase from the previous trading day was Orca (ORCA), rising about 22%.

Orca is a decentralized exchange (DEX) project based on Solana, recently providing various services through the Eclipse chain.

Based on CLMM, it enhances liquidity (token swap, pool) functions, making trading simple and efficient for users from beginners to experts.

Through the governance token Orca, users can participate in decision-making about the project's direction.

◇Fear and Greed Index = The digital asset Fear-Greed index provided by Alternative is maintaining the 'Fear' stage at 39 points. The fear stage (20-39) is a period of increased cryptocurrency price volatility and trading volume, indicating a price decline. There is a high possibility of short-term bottom formation, so caution is advised for buying.

The Relative Strength Index (RSI) provided by Sigbit recorded 57.2, in a 'neutral' state. RSI determines the relative strength between upward and downward pressure of a specific asset price and indicates the overbought and oversold scale of a specific asset.

Reporter Seung-won Kwon ksw@blockstreet.co.kr