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.
Spot Bitcoin ETFs recorded a massive influx of over $1 billion in a single day on Thursday, fueled by Bitcoin’s surge to a new all-time high above $118,000.
As Bitcoin breaks above $118,000, fresh macro and on-chain data suggest the rally may still be in its early innings.
Bitcoin’s surge to new all-time highs is playing out differently than previous rallies, according to a July 11 report by crypto research and investment firm Matrixport.
Bitcoin surged past $116,000 on July 11, marking a new all-time high amid intense market momentum.