A new series of prices from American President Donald Trump and the lack of short -term catalysts encourage the prudence of market observers, who believe that Ethereum ether (ETH) can be particularly affected.
Trump said on Sunday that he would introduce 25% of prices on all imports of steel and aluminum to the United States, in addition to existing rights, with reciprocal rates later in the week applicable to all countries.
The rhetoric and the point of the expectations of inflation could reproduce the volatility of the drawbacks with a key indicator which claimed a decision of more than $ 100,000 for Bitcoin, when it exchanged less than $ 70,000, Become a lowering Sunday.
Crypto majors remained little changed during European afternoon on Monday, with US Futures Dow and S&P 500 up 0.46% in front of the New York Open. Bitcoin, ether, XRP, Solana’s Sol and Dogecoin (DOGE) have increased by less than 1% in the last 24 hours, while the BNB of the BNB chain has lost 4.5% after a Sunday rally.
The prices introduce economic uncertainty by potentially increasing commercial wars, which can lead to market volatility – such events tend to have an impact on bitcoin and the larger cryptography market, as investors tend to move away from risk -to -investment risk assets.
Some traders say that Ether could be more affected because the feeling of crypto fades, adding to an already tumultuous year for the assets which saw a bitcoin-stirring ratio widely watched at 2021, indicating a fallout for ETH and preference for BTC.
A drop in ETH can spell more bad news for related beta beta such as Samecoin Dogecoin (Doge) And the DEFI tokens based on Ethereum, which tend to reflect the movements of the parent active.
“The rise of the BTC vs everything else is the most obvious compared to ETH, which is experiencing a short and fud short interest with the 2nd most important token being down -23% ytd vs a gain of + 2 , 5% in BTC “, Augustine Fan, the information manager at Signalplus, told Coindesk in a telegram message.
“At the risk of looking like a broken record, but a lack of L1 catalysts and narrative leadership will probably continue to weigh on Ethereum in the predictable future,” added Fan.
“Ethereum was particularly affected while ETH reversed all its pump from the end of November of last year, relaxing any winnings to the holders,” said Nick Ruck, director of LVRG Research, in a telegram message. Due to the expectations of increased inflation, investors only bet on a single interest rate reduced by the federal reserve this year, throwing a dark perspective for risk assets, including crypto. »»
Meanwhile, Capital QCP merchants based in Singapore expect the cryptographic markets to switch within the coming weeks when Trump’s words continue to have an impact on the markets.
“A feedback loop emerges – President Trump, very sensitive to market reactions, faces an increasingly called his bluff market. This could embrace it more, adding another layer of volatility, “said the firm in a broadcast message on Monday.
“The volatility of the BTC is now confronting in favor of the puts until April, reflecting a lack of upward catalysts,” he finished.