Analysis: Bitcoin rises first then falls, US tariffs are a positive factor for the rise, subsequent risks lead to a downward trend

Bitcoin fell slightly after rising to its highest level in over two weeks on Monday. Previously, the market had hoped that the scope of U.S. tariffs would not be as broad as feared, providing momentum for Bitcoin's rise.

The Wall Street Journal reported over the weekend that reciprocal tariff measures taking effect on April 2nd in the United States will be more targeted than initially thought. This boosted U.S. stocks and risk assets including cryptocurrencies.

"However, due to uncertainties next week and potential secondary tariffs facing countries buying oil from Venezuela, this adds new variables to President Trump's trade war," said Catherine Brooks, a securities analyst at Dutch Exchange Securities in a report. "Market sentiment is fading."