Despite the negative sentiment prevailing in the cryptocurrency market due to high tariffs and uncertainty, some analysts believe altcoins may yet recover.
The State of Altcoins
Data shows that altcoins continue to decline against a backdrop of adverse market conditions driven by high tariffs and declining trade growth. The resurgence of rumors about the end of the altcoin season echoes the sentiment from November 2022, when the cryptocurrency market was similarly scrutinized.
Return to Cryptocurrencies
In spite of these challenges, positive news emerges from the cryptocurrency sector, with more companies establishing cryptocurrency reserves. Firms like MSTR continue to purchase Bitcoin, indicating a rise in institutional demand.
Future Prospects
Analysts expect the cryptocurrency market to potentially rebound in the upcoming months. The current tariff situation is anticipated to resolve by July, which may restore optimism in the market.
While the cryptocurrency market currently faces many challenges, the activity of institutional investors and expectations of improving economic conditions may contribute to its recovery.
