While uncertainty continues in Bitcoin (BTC ($96,201.23)) and altcoins, many factors support this situation. Critical factors at this point include Trump’s change in tariffs and rising inflation concerns.
Singapore-based cryptocurrency platform QCP Capital said tariff and inflation concerns are escalating and remain the most pressing issues for investors.
However, analysts stated that the markets have priced in these concerns and that the markets are moving slowly, which puts pressure on investors.
Analysts also noted that other factors continue to weigh on cryptocurrencies, citing Solana’s March 1 unlock of 30M tokens as an example.
Analysts stated that the Solana (SOL ($172.17)) unlocking also put Bitcoin and Ethereum under pressure, and said that despite the negative catalysts, Bitcoin continued to remain resilient at the $95,000 level after falling to $93,000.
At this point, analysts added that Bitcoin and altcoins are actually ready to rise, but they are having difficulty going higher due to the lack of catalysts in the short term.
“Cryptocurrencies remain under pressure, with Solana set to unlock 30 million tokens on March 1. SOL-related hedge flows on FTX ($0.00) are weighing down BTC and ETH ($2,715.04), contributing to broader weakness.
Despite these negativities, Bitcoin remains resilient at $95,000 after falling to $93,000 but is struggling to move higher due to a lack of catalysts in the short term.
*This is not investment advice.
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