Bitcoin (BTC) prices are declining by 5.6% to $88,761 points this week outperforming altcoins like Ethereum (ETH) has fallen by 12.85% to $2,196, struggling as new tariffs on Mexico, Canada, and China take effect. While Trump has signed an executive order to establish a U.S. strategic crypto reserve, the negative impact of tariffs has overshadowed this potentially bullish development.
Despite the current downturn, prices appear to be forming a solid bottom. Institutional investors are revising their 2025 forecasts upward, suggesting that a further downside correction may be unlikely. Standard Chartered is advocating a strong buy strategy, recommending accumulating dips as Bitcoin heads toward a projected $200,000 by the end of 2025. Even the lowest upside target of $150,000 suggests Bitcoin prices should at least double from current levels.
