The cryptocurrency market has seen increased selling pressure, drawing investors' attention to the expiring tariffs implemented during Donald Trump's presidency.
Trump Tariffs and Market Expectations
The additional tariffs imposed by Trump on China had significant consequences for global trade. The nearing end of a 90-day pause has reignited uncertainty in the markets. This situation may lead to volatility, especially in the crypto sector, as economic fluctuations could directly impact investment decisions.
Current Scenario of Bitcoin and Altcoins
Despite ongoing market pressure, Bitcoin holds steady at around $107,500. In contrast, popular altcoins like Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE) have faced declines of 2% to 5%. Analysts emphasize that upcoming political and economic events are fundamentally driving these price movements.
Impact of Options on the Market
The expiration of $17 billion worth of crypto options this Friday further amplifies market uncertainty. The maturity of large-volume options transactions can lead to short-term price fluctuations. Investors are closely observing developments within the options market, given the significance of their size and maturity in discussions around financial markets.
> A market analyst stated, "The expiration of large option contracts next week and the nearing end of the tariff period might alter the risk perception among crypto investors."
The uncertainty in the cryptocurrency market, spurred by expiring tariffs and large option maturities, suggests that investors should keenly monitor political and financial changes that may affect their strategies.
