He cryptocurrency market It crosses a new phase. He Bitcoin (BTC) lose impulse again and threatens to pierce the level of US $ 114,000while Ethereum (eth) tries to sustain an upward and quote over the U $ S3.600.
On the other hand, the main Altcoins operates with rises of up to 6.8%headed by Litecoin, Hyperliquid (3.9%) and Solana (6.1%).
According to analysts in the sector, the market feeling has become neutralinfluenced by external factors that generate uncertainty. One of the main focus of attention is the new tariff round announced by the United States, which will enter into force August 7 unless trade agreements are achieved with the countries involved.
Commercial tension and fear of inflation
Last week, the president Donald Trump communicated changes in the “reciprocal” tariffs established in April during the so -called “day of liberation.” Some nations that reached understandings with Washington will receive sales, but other countries will face significant increases. Such is the case of Swisswhose rate was raised to 39%generating alarm in the Helvetic government in the absence of advances in negotiations.
In parallel, the European Union He decided to freeze for six months the retaliation measures he had prepared in response to American tariffs. The fear of a Global inflationary recurious It has impact strongly on financial markets, including cryptocurrencies.
CAPITAL LIQUIDATIONS AND DEPARTURE
During the weekend, more than US were settled1,000 million is long of bitcoinwhich reflects a wave of forced sales before the price drop. At the same time, BTC quoted funds accumulated three consecutive days with net retreatswhich suggests a combination of Profit and caution by institutional capital.
The ETFs of Ethereum also reflected a reversal: after several weeks with tickets, now they register higher outputs au $ s s460 million.
These signals have revived the debate about whether the call “Altcoins season” It has come to an end. The 20% setback in solana in previous weeks and the low performance of other crypts such as XRP feed the perception that investors are migrating towards safer assets In this volatile context.
Macro indicators under the magnifying glass
To commercial uncertainty is added a fragile macroeconomic front. The last Employment data in the United States They were disappointing and the PCE inflationthe favorite indicator of the Federal Reserve, remained in 2.8% in its underlying version and went up to 2.6% in its general rate During June.
In this context, the market awaits the data of the ISM Services PMIand above all, the publication of July Consumer Price Index (CPI)scheduled for next week. A bad data could increase pressure on digital assets.
Not all experts adopt a negative vision. From QCP Capital They consider that the market still maintains a Alcista Structureand that the recent setback “seems more a correction than a capitulation.”
According to this approach, a Bitcoin rebound above US $ 115,000together with a recovery in the entrances to the ETF and a decrease in implicit volatility, they could quickly change the mood of the market.
Source: Ambito
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