The cryptocurrency market faces an uncertain panorama, marked by generalized falls and concern for global economic and political data, which keeps Bitcoin and other Altcoins trapped in a volatile price range.
He cryptocurrency market Face a new bearish stage after Bitcoin’s recent attempt (BTC) for exceeding US $ 100,000, only to experience a significant fall during the weekend. Currently, the price remains above US $ 95,000, according to Binance, although uncertainties persist.
In the field of ‘Altcoins’, Ethereum (ETH) stands out for a fall close to 5%, related to a hacking suffered by the platform Bybit on Fridaywhich resulted in the theft of more than 446,000 tokens, valued at more than US $ 1,400 million. In spite of this, the platform has assured that the 1: 1 support of its customers has been restored and that the “Ether Gap” has been closed. This incident has been linked to Lazarus Group, a hacker collective backed by North Korea, known for its attacks on cryptocurrency platforms.
Other cryptocurrencies such as Solana (Sol), Binance Coin (BNB), XRP, Dogecoin (Doge) and Cardano (ADA) have also registered significant declineswith falls greater than 8% in the case of Sol and 3% in some of the other mentioned currencies. In general, the market is stagnant, without major increases, which reflects a clear lack of direction in recent days.
Uncertainty in the crypto market
The situation does not improve due to the recent weakness of the US economic data. Inflation at 12 months shot in February, reaching its highest level since November 2023, which has generated concern among investors. In addition, the data of the manufacturing and services PMI in the US. UU. They reflect unequal behaviors, which has increased uncertainty about the economic future.
The sharing market also shows signs of indecision, with the S&P 500 reaching historical maximums last week, but with investors hesitating about their short -term movements. The uncertainty about large technological ones, affected by the Deepseek competition, adds more pressure to an already complex environment.
The situation is further complicated with the volatility generated by political factors, such as Donald Trump’s tariff threats and his changing position on Ukraine, which have fed market concerns. Although the flow of money from retail investors remains positive, the lack of liquidity in the market generates a significant risk of accelerated sales and sudden falls in case of negative movements in the contributions.
The technical analysis suggests that Bitcoin could continue to consolidate its price within the current range, between US $ 90,000 and US $ 100,000. The key levels to be monitored are support in US $ 96,000 YU $ S90,000, which, if break, could generate significant correction. Above, the resistance of the US $ 100,000 will be crucial to determine if the market can continue its upward trend.
Source: Ambito
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