Market uncertainty continues to grip Bitcoin and altcoins, with several factors contributing to the current stagnation.
Among them are concerns over inflation and shifts in trade policies under Donald Trump’s administration.
Singapore-based crypto firm QCP Capital highlighted these issues, emphasizing that rising tariffs and inflation fears remain major challenges for investors.
While the market has largely accounted for these risks, analysts note that slow price movements are adding pressure on traders.
Another significant factor affecting the market is the upcoming release of 30 million Solana (SOL) tokens on March 1. Analysts suggest that this event is not only impacting SOL but is also creating downward pressure on Bitcoin and Ethereum.
Despite these headwinds, Bitcoin has managed to hold firm at $95,000 after briefly dipping to $93,000. However, the absence of strong bullish catalysts is preventing further upward momentum.
Analysts believe that while BTC and altcoins are poised for growth, they lack the immediate triggers necessary to break higher.
Bitcoin tumbled sharply today, shedding more than 3.5% in a matter of hours and briefly flirting with the critical $100,000 level.
Bitcoin is treading water near $105,000, but pressure is building on both sides of the trade as macro forces tighten.
BlackRock is making another assertive move into digital assets, quietly expanding its crypto portfolio with sizable purchases of both Bitcoin and Ethereum.
In a move that signals changing tides in traditional finance, JPMorgan is preparing to accept Bitcoin ETF holdings as collateral for loans—starting with BlackRock’s iShares Bitcoin Trust, according to insiders familiar with the plan.