Bitcoin Holds at $95K, but Market Lacks Catalysts for a Breakout
Market uncertainty continues to grip Bitcoin and altcoins, with several factors contributing to the current stagnation.
Among them are concerns over inflation and shifts in trade policies under Donald Trump’s administration.
Singapore-based crypto firm QCP Capital highlighted these issues, emphasizing that rising tariffs and inflation fears remain major challenges for investors.
While the market has largely accounted for these risks, analysts note that slow price movements are adding pressure on traders.
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Whistleblower Burns Millions in ETH, Claims Global Mind Control ConspiracyAnother significant factor affecting the market is the upcoming release of 30 million Solana ( SOL ) tokens on March 1. Analysts suggest that this event is not only impacting SOL but is also creating downward pressure on Bitcoin and Ethereum .
Despite these headwinds, Bitcoin has managed to hold firm at $95,000 after briefly dipping to $93,000. However, the absence of strong bullish catalysts is preventing further upward momentum.
Analysts believe that while BTC and altcoins are poised for growth, they lack the immediate triggers necessary to break higher.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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