CandleFocus Steve Weiss trims Bitcoin holdings again amid market uncertainty
2025-02-24
Author: Content Editor
American investor Steve Weiss has reduced his exposure to Bitcoin due to the cryptocurrency's stagnant price movement. Weiss sold an additional 10% of his Bitcoin holdings following a 20% sell-off last week. He cited uncertainty in financial markets, likely resulting from trade wars and tariffs imposed by the Trump administration. Weiss believes that Bitcoin needs a catalyst, such as specific regulations from the new head of the U.S. Securities and Exchange Commission, to drive its next move. Meanwhile, Bitcoin's price dropped under $95,000 and the broader crypto market also experienced a decline. Technical indicators present mixed signals, with short-term bullish momentum conflicting with longer-term market uncertainty.
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