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.
Trump Media & Technology Group (TMTG) is making a bold move into the crypto investment space by backing a new spot Bitcoin ETF.
Crypto attorney John Deaton has sparked speculation that Elon Musk and Tesla could expand their Bitcoin holdings, citing rising fiscal risks in the United States as a potential motivator.
BlackRock has executed a notable portfolio adjustment, reducing its exposure to Bitcoin while increasing its Ethereum holdings.
Omni cofounder Austin King believes the cryptocurrency industry is on the verge of a major reinvention.