In a recent post on March 4th, **CryptoQuant’s** Research Director **Julio Moreno** emphasized the implications of Trump’s **tariffs** on the **global economy**. He pointed out that prolonged uncertainties brought by these tariffs could heighten the risk of an **economic recession**. This environment stands in contrast to improvements in the **regulatory landscape** surrounding cryptocurrencies and developments in **US cryptocurrency reserves**. Nevertheless, Moreno noted that such geopolitical factors continue to exert pressure on the **price of Bitcoin** and the broader **cryptocurrency market**. As investors navigate this landscape, understanding the interplay between regulatory advancements and external economic pressures will be crucial for making informed decisions in the crypto space.