$ETH was trading above $2,600, the $DOGE around 24 cents. $XRP , BNB (BNB Chain), ADA (Cardano), and SOL (Solana) gained between 3% and 5%.
Despite a rise in prices on major altcoins, cryptocurrency traders are beginning to feel the weight of macroeconomic markets and are warning against short-term profit-taking. The appreciation of the dollar and the resurgence of trade tensions temper the momentum, even as Bitcoin hovers near record highs.
"The appreciation of the dollar following the announcement of tariffs has naturally weighed on cryptocurrencies," explained Alex Kuptsikevich, chief market analyst at FxPro, in an email to CoinDesk. "This is especially true as Bitcoin is close to its peaks, which reinforces the appeal of short-term profit-taking after a rise in just over a month."
As global markets shift from protectionism to cautious optimism, Bitcoin remains in uncertainty. For some traders, the asset is once again caught between two contradictory narratives.
"Bitcoin remains torn between its identity as 'digital gold' and its function as a risk proxy," said traders from QCP Capital, based in Singapore, during a market broadcast. "This tension continues to cloud its directional conviction. As the macroeconomic narrative shifts from protectionism to a resurgence of trade optimism, Bitcoin may remain in a narrow range."
Sentiment, however, remains strong. The widely followed fear and greed index has remained stable above 70 for four consecutive days—a level of greed usually associated with sustained bullish appetite in the short term.
"Bitcoin showed its unpredictable character on Monday," added Kuptsikevich. "But with the persistence of this positivity, it is worth paying attention to the price dynamics around $105.
#TrumpTariffs #NewsTrade #CryptoCPIWatch
Despite a rise in prices on major altcoins, cryptocurrency traders are beginning to feel the weight of macroeconomic markets and are warning against short-term profit-taking. The appreciation of the dollar and the resurgence of trade tensions temper the momentum, even as Bitcoin hovers near record highs.
"The appreciation of the dollar following the announcement of tariffs has naturally weighed on cryptocurrencies," explained Alex Kuptsikevich, chief market analyst at FxPro, in an email to CoinDesk. "This is especially true as Bitcoin is close to its peaks, which reinforces the appeal of short-term profit-taking after a rise in just over a month."
As global markets shift from protectionism to cautious optimism, Bitcoin remains in uncertainty. For some traders, the asset is once again caught between two contradictory narratives.
"Bitcoin remains torn between its identity as 'digital gold' and its function as a risk proxy," said traders from QCP Capital, based in Singapore, during a market broadcast. "This tension continues to cloud its directional conviction. As the macroeconomic narrative shifts from protectionism to a resurgence of trade optimism, Bitcoin may remain in a narrow range."
Sentiment, however, remains strong. The widely followed fear and greed index has remained stable above 70 for four consecutive days—a level of greed usually associated with sustained bullish appetite in the short term.
"Bitcoin showed its unpredictable character on Monday," added Kuptsikevich. "But with the persistence of this positivity, it is worth paying attention to the price dynamics around $105.
#TrumpTariffs #NewsTrade #CryptoCPIWatch