Bitcoin, on the first day of the week by registering a 2 percent decline in the market caused a decrease. While the leading XRP, island, such as the island, showed losses up to 5 percent, while only BNB managed to decompose with a 3 percent increase. Last week, a period of sales pressure was intense due to the US new tariffs and recession concerns. As this recession continued, investors began to be prepared for new periods of volatility in the Bitcoin and Altcoin market.
Bitcoin was attached to $ 84,000 resistance: XRP, island, Dogge falls
Bitcoin declined by testing the $ 84,000 level on Sunday, not breaking this resistance. Bitcoin was traded around $ 83,300 at noon in the Asian markets at noon. This decrease caused pressure throughout the market, while XRP, Solana (left), Cardano (Ada) and Dogecoin (Dogge), such as large tokens, such as 5 percent decreases. On the contrary, the BNB gained 3 percent value and exhibited a positive decomposition. The US’s new tariffs and growing recession concerns continue to fluctuate in the crypto currency market. According to analysts, market volatility may increase while the correlation with US stock exchanges may increase.
However, some investors expect an increase in Altcoin and Memecoins after this stagnation period of the market. According to LVRG Research Director Nick Ruck, Trump’s acquisition of MNT and Avax Tokens of World Liberty Financial last week, and an ETF application offered by Vaneck includes this token, may increase the interest in Altcoins.
Hedge funds and ETF trade contributed to the decline
Some analysts point out that the existing wave of sales are associated with large hedge fund strategies. According to Signalplus Chief Analyst Augustine Fan, “Multi-Strat”, the fund management based on multiple strategies enlarged the current sales pressure on the market. The “base transaction” method, which is applied especially based on Bitcoin ETFs, is based on funds and selling spot Bitcoin and selling futures Bitcoin contracts. However, as the return margins of this strategy narrow, the funds come out of their positions, which increases mass sales pressure.
The ‘take it from the bottom’ strategy is still on the agenda
In spite of all these negativities, a part of the market continues to continue its strategy from the bottom. According to the Fan, the values of assets other than shares with large market value are at reasonable levels compared to historical averages. This leads to investors to maintain the expectations of the market that the market will be recovered when the tariff -based fluctuations end. While the uncertainties in the Bitcoin and crypto money market continue, especially macroeconomic developments and corporate investor behaviors will continue to play a critical role in determining the direction of the market.
