Cryptocurrencies They start the week with a scenario of uncertainty similar to the closure of the previous one. He Bitcoin (BTC) is still down and approaches to the threshold of the US $ 96,000according to Binance, while Ethereum (ETH) remains virtually unchanged, trying to consolidate the US $ 2,700.
As for the ‘altcoins’, the behavior is mixed. Solana (Sol) and Dogecoin (Doge) experience falls of 5%and 3%, respectively, while Binance Coin (BNB), Cardano (ADA) and Tron (TRX) advance more than 2%.
The Bitcoin, the cryptocurrency of greater capitalization, has had difficulty overcoming the $ 100,000 barrier during the month of February, and is currently caught between the US $ 90,000 YU $ S96,000. The fervor of the past weeks seems to have faded, which is reflected in the behavior of the BTC quoted funds (ETF) in cash, which suffered an exit close to 600 million dollars last week.
The market look
According to Rania Gule, senior market analyst at XS.com, this phenomenon reflects a drop in the confidence of institutional investors. The persistence of this trend could accentuate price corrections, especially given the weak Bitcoin correlation with gold and its greatest sensitivity to traditional stock market rates, which makes it more vulnerable to volatility in an unstable economic environment.
The recent macroeconomic data in the United States have intensified uncertainty. In January, inflation exceeded expectations, both in general and underlying terms, and production prices also rose above forecasts. The statements of the President of the Federal Reserve, Jerome Powellindicating that there is no hurry to reduce interest rates, they have also influenced the current trend. In fact, the market only contemplates a possible rate cut throughout the year.
In parallel, the geopolitical situation adds more pressure to the cryptocurrency market. Investors are closely as the tariffs announced by President Donald Trump will impact the markets, and also expect news about the peace negotiations in Ukraine, which could be a positive factor for risk assets. Last week, Trump said he had agreed with the presidents of Russia and Ukraine Start peace conversations, which has generated expectation in the markets.
Trump cryptocurrency policy is emerging as a crucial element in this context of volatility. Reports indicate that several US states are considering creating Bitcoin strategic reserves, which could generate a significant change in global financial markets. This Trump proposal, which seeks to transform cryptocurrency into a strategic asset, could significantly increase Bitcoin’s demand, according to Gule.
On the other hand, Javier Molina, senior market analyst in Etoro, points out that there are solid indicators that support the price of Bitcoin. Although some data, such as the MVRV of the ‘Holders’ in the short term, suggest signals of exhaustion, other factors such as the reduction of BTC in exchanges and the increase in flows to ETFs point towards a consolidation driven by greater institutional participation.
Molina also suggests that we are in the final phases of the current cycle, where large investors and regulatory frameworks are redefining market dynamics. Despite the fall of some Altcoins and ‘Memecoins’, this could be a good time to assign capital in fundamental assets such as Eth or Sun.
Although there are risks and signs of exhaustion, both Bitcoin and the crypto market still have growth potential. Institutional consolidation and regulatory changes are transforming BTC into a more stable asset, which creates opportunities, always under careful risk management.
From a technical point of view, while the bitcoin respects the US $ 90,000, a deterioration of the upward structure is not expected, although the loss of this level could open the door to a stronger correction. The next key resistance is located at US $ 100,000, followed by US $ 108,000.
Source: Ambito
