The Cryptocurrencies recover This Wednesday, March 5, after the fall recorded on the previous day. The Bitcoin (BTC) rebounds 8% in the last 24 hours, according to Binance, after a reversion after the closure of European stock markets, and quote again at US $ 90,000. For its part, the Ethereum (ETH) advances 5.7% au $ 2.200.
The rest of the Altcoins operate with increases of up to 24%of Cardano’s hand, followed by Chainlink (16.1%), Solana (8.5%) and Stellar (7.3%).
The ‘Altcoins’ are also showing strong increases. XRP, Solana (Sol) and Dogecoin (Doge) have risen between 5% and 8%, while this rebound highlights the high volatility that characterizes the cryptocurrency market, That in the previous six days I had seen a 20% drop in the price of Bitcoin, closing February as the worst month in three years.
Cryptocurrencies are swinging to Wall Street
The main cause of the recent falls in the markets was the decrease in appetite by riskhey the increase in uncertainty after Tariff measures imposed by Donald Trump. These measures were completed this week with the entry into force of 25% tariffs to Mexico and Canada, and an additional 10% to China. While Canada and China have already announced their answers, Mexico will do it this weekend.
Trump defended his policies in a speech on Tuesday night, stating that tariffs are designed to make the United States richer and more big again, and that, although they will cause “a small disturbance”, the benefits that will generate will justify the cost.
However, US Secretary of Commerce, Howard Lutnick, commented that Some tariffs on Canada and Mexico could be reversed, and that an ad in this regard could be done this Wednesday.
David Kohl, chief economist of Julius Baer, said the “Trump’s Tariff Politics” is generating uncertainty In the markets, affecting GDP growth estimates and maintaining high expectations of new tariff measures.
The Recent decisions about Trump tariffs They caused a massive sale of cryptoactive, eliminating the previous profits generated by the strategic cryptocurrency reserve. Despite support policies and proper deregulation, investors see the cryptocurrencies as risk assets strongly linked to US market performanceaccording to Kevin Guo, director of Hashkey Research.
However, some analysts point out that recent macroeconomic data, weaker than expected, and market fall could lead to the Federal Reserve (Fed) to adopt a more flexible approach. The Fed is expected to carry out three or more feature cuts this year, being the first possible in May. In addition, 10 -year -old bond performance has retreated 4.15% from 4.80% six weeks ago.
On the other hand, it has been confirmed that companies such as Coinbase, Chainlink and Exodus will represent the cryptocurrency industry in a Summit that Trump will organize this Friday at the White House. Robinhood CEO, Vlad Tenev, is also expected to attend the event, along with other key figures such as David Sacks, Trump advisor in cryptocurrencies and AI, and Bo Hines, executive director of the presidential work group on digital assets.
Source: Ambito
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