TechFlow news, March 22 — According to Cointelegraph, Nansen research analyst Nicolai Sondergaard said global tariff concerns will continue to pressure markets at least until April 2. "I'm watching how the tariff situation develops starting April 2—perhaps we’ll see some tariffs lifted, but that depends on whether all countries can reach an agreement. This is currently the biggest market driver."
Risk assets may lack direction until tariff-related uncertainties are resolved, which could happen between April 2 and July, potentially unlocking positive market catalysts. Trump's reciprocal tariff rates are set to take effect on April 2, although Treasury Secretary Scott Bessent previously indicated they might be delayed.
Besides trade tensions, high interest rates will also continue to dampen investor risk appetite until the Federal Reserve eventually begins cutting rates. According to the latest estimates from CME Group's FedWatch tool, markets currently expect an 85% probability that the Fed will hold rates steady at its next Federal Open Market Committee (FOMC) meeting on May 7.
Iliya Kalchev, analyst at Nexo digital asset investment platform, said the Fed views inflation and recession concerns—including those related to tariffs—as temporary, which could be a positive signal for investors. "Markets may now look ahead to upcoming economic data with greater confidence. Cooling inflation and stable economic conditions could further boost investor sentiment, driving Bitcoin and digital assets higher."
