The Bitcoin Volmex Implied Volatility 30-Day Index continued to rise, suggesting increased price volatility due to concerns over President Donald Trump's tariffs impacting global markets. Bitcoin saw a 3% increase, pushing the total crypto market capitalization back above $3 trillion. Altcoins like XRP, Solana, and Cardano also showed modest recoveries. Publicly traded Bitcoin holders, Coinbase and Strategy, saw gains as well. However, there is uncertainty as to whether Bitcoin will surpass $90,000, as momentum waned. Analysts predict higher end-of-year prices but expect volatility and potential larger downturns in the near term. U.S. indices suffered amidst trade wars, with Canada threatening to respond to Trump's tariffs. Tech stocks like Nvidia and Microsoft initially gained but were affected by the trade tensions.
Content Editor ( crypto.news )
- 2025-03-05
Bitcoin rebounds to $88k amid market volatility
