The uncertainty in the cryptocurrency market, particularly in Bitcoin and altcoins, is being supported by factors such as Trump's change in tariffs and rising inflation concerns. QCP Capital, a Singapore-based cryptocurrency platform, stated that these concerns are escalating and remain pressing for investors. However, analysts believe that the markets have already priced in these concerns, leading to slow movement and placing pressure on investors. Other factors, such as the unlocking of 30 million Solana tokens on March 1, have also weighed on cryptocurrencies like Bitcoin and Ethereum. Despite these negative catalysts, Bitcoin has remained resilient at the $95,000 level but is struggling to go higher due to a lack of short-term catalysts.



Other News from Today