Arete Capital Partner: Unless there is a serious escalation in US China relations, BTC has hit bottom at $74000 Arete Capital Managing Partner McKenna said that the market often hits bottom in the worst news. He mentioned that due to reciprocal tariffs and stock market declines, Bitcoin once fell to $74000, which was one of the most severe panics he had ever seen in the market. He believes that unless the relationship with China deteriorates significantly, future news will only cause market volatility. McKenna also pointed out that Trump's goal is simple, which is to reach an agreement and readjust global trade within 90 days, followed by massive tax cuts and deregulation.