Analysis: Bitcoin rose first and then fell. The positive impact of US tariffs was the reason for the rise, and subsequent risks led to a decline

Bitcoin fell slightly after rising to its highest level in over two weeks on Monday. Previously, the market hoped that the scope of tariffs in the United States would not be as extensive as feared, providing momentum for Bitcoin's rise. The Wall Street Journal reported over the weekend that the retaliatory tariff measures in the United States, effective on April 2, will be more targeted than initially expected. This boosted the U.S. stock market as well as risk assets including cryptocurrencies. Catherine Brooks, an analyst at Holland Huitong Securities, said in a report: "However, as the situation next week is uncertain, and countries that purchase oil from Venezuela may face secondary tariffs, President Trump's trade war has added new variables, and market sentiment is fading."