The cryptocurrency markets are grappling with a lackluster atmosphere, with trading volumes remaining low. Despite Trump’s tariff policies disrupting market balances, U.S. stock markets have not suffered as severely as cryptocurrencies. The emergence of random tokens like TRUMP Coin, which briefly gained traction, has contributed to decreased liquidity. What can we expect in the coming days?
Current Status of Cryptocurrencies
Columbus addressed the current market evaluation today. BTC continues to remain relatively calm following a mini dip level test over the weekend. However, there are suggestions that this could change within hours.
“Sundays tend to be a bit more exciting due to our weekly close and the reopening of the CME. This exchange possesses significant Bitcoin
$81,404 futures volume and is closed on weekends. I still expect the next move to be an upward spike towards the 100K resistance.”
“We will need to see whether Bitcoin can enter higher liquidity zones or if it will make another downward move first. Key levels are now clearly visible on the one-month chart, which is particularly useful when Bitcoin fluctuates over time. However, they are not as effective in a strong trending market.”
“Of course, we don’t have to drop entirely again, but if we see another significant low and the main support breaks, there is a strong case for the 85K region. For now, enjoy your Sunday, and then we will look at the weekly close. See you soon!”
Will Cryptocurrencies Rise?
Next week, FTX repayments are set to begin, potentially reaching billions for creditors by year-end. This could support increased liquidity in altcoins. Conversely, the upcoming PCE data on February 28 has left investors disappointed following the latest PPI figures.
With the date for the PCE data release approaching, caution may increase since this indicator is the Fed’s inflation measure. The details we will see in Wednesday’s Fed minutes are crucial. Markets have already priced in one interest rate cut, expecting one rate decrease by 2026, contrary to previous forecasts. All these elements confirm that the macroeconomic outlook has limited room for improvement.