Last week, the cryptocurrency market experienced significant fluctuations. Donald Trump's announcement regarding the establishment of a U.S. strategic cryptocurrency reserve led to a sharp rise in Bitcoin prices. However, subsequent tariff increase announcements erased much of that value.
Uncertainty Surrounds Bitcoin
Despite a decline from all-time highs, most analysts remain optimistic about Bitcoin’s future. Analyst Inmortal Crypto believes that each pullback could represent a 'bull trap.' Rekt Capital noted that Bitcoin’s current movements resemble past cycles, suggesting a potential new wave of price increases.
Could Interest in Ethereum and Memecoins Rise Again?
Ethereum has underperformed in this cycle, with the ETH/BTC ratio dropping 72% from its peak. However, analysts like CryptoGoos suggest that the $2,000 to $2,200 range could represent a bottom, calling it the 'biggest buying opportunity.' Despite short-term sharp declines, memecoins continue to attract attention.
New Investment Strategies
Some analysts, including CryptoCapo, advise caution. He warns that the surge to $100,000 could be a 'bull trap'. The lack of clear market direction raises concerns that if Bitcoin stays below $85,000, more severe sell-offs could occur.
Fluctuations in the cryptocurrency market continue to spark active discussions among analysts and investors. The focus is on developing strategy for Bitcoin, Ethereum, and memecoins, as well as potential implications for future investments.
