He cryptocurrency market operates with disparity, Although the leader, the Bitcoin (BTC), back more than 3% in the last 24 hours, Losing the level of US $ 90,000 since November. So far this yearthe main cryptocurrency shows a bearish trend, having doubled its value in 2024.
Ethereum (eth) also falls, more than 1%, below US $ 2,500. Among the other Altcoins that fall, Tron (-3.7%) stands out, while among the main rises, Polkadot (+4.7%) stands out.
Depressed price dynamics have led to Crypto fear and greed index To mark 25 points, reflecting a feeling of “extreme fear” in the market. Just a month ago, this indicator tripled its current level, pointing out a strong “greed” or even “extreme greed.” While this level of fear indicates a strong concern among investors, some interpret it as a possible purchase opportunity to future revaluation.
Bad news from Donald Trump
He short -term panorama for cryptocurrencies, Variable income and other risk assets does not seem encouraging. This Monday, the president of the United States, Donald Trump, confirmed that the 25% tariffs on the imports of Canada and Mexico will enter into force in March, once the extension of a month awarded in February is over.
The cryptocurrencies reacted with falls after each Trump tariff ad. On this occasion, the Bitcoin (BTC) retreated from 105,000 to almost $ 90,000 after the measure was known. Similarly, digital assets were also affected by rates imposed on aluminum and steel, as well as reciprocal tariffs.
To this is added a report of Bloombergwhich points out that the US government Evaluates hardening the export restrictions of semiconductors to China, which could further impact the appetite by risk. In the last quarters, Bitcoin has shown a high correlation with technological actions, especially those linked to artificial intelligence (AI), which makes the crypto sector immune to this type of news.
Market feeling: extreme fear and volatility
He Current climate of uncertainty has affected global markets. According to Kathleen Brooks, XTB research director, “the feeling of risk is divided this week.” The expert mentions that, although China has demonstrated ability to find solutions to commercial restrictions, Chinese bags have also registered falls, reflecting the impact of Trump’s decisions on the feeling of investors.
Naeem Aslam, Investment Director of Zaye Capital Markets, describes the situation as a “total chaos” and ensures that the best word to define the collapse of cryptocurrencies is “fear.” “Trump was expected to boost the crypto market, but the opposite is happening. Volatility remains extreme, and analysts advise caution,” he says.
Besides, The plans for the creation of Bitcoin strategic reserves in the US They have found obstacles. Legislators in Dakota del Sur have postponed the vote that would allow the State to invest in BTC, postponing any progress until 2026. Other states, such as North Dakota, Montana and Wyoming, have not approved these initiatives, while in Florida, Utah, Ohio, Missuri, Kentucky and Arizona are still debated their viability. This proposal was one of Trump’s key promises during his electoral campaign.
Additional pressure factors on the crypto market
To economic and political uncertainty other recent events that intensified the pressure on Bitcoin and the crypto market in general are added. Among them, the hacking of 1.4 billion dollars at Exchange Bybit And the ‘memecoins’ scandal related to the Argentine president Javier Milei.
According to Aslam, the behavior of “Whales” In the market it will be key in the next few hours. “Bitcoin ETF flows and the purchase and sale activity of large investors will have to be observed. Retailers are likely to be expelled from the market, while whales take advantage of the situation,” he concludes.
Source: Ambito
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