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Last week, the cryptocurrency market experienced a historic fluctuation. The announcement by Donald Trump on March 3 regarding the establishment of a U.S. strategic cryptocurrency reserve quickly surged Bitcoin (BTC) 
$94,284 prices. However, subsequent tariff increase announcements erased much of that value. Bitcoin ended the week below the $85,000 mark, while discussions about price movements continue. The leading altcoin, Ethereum (ETH) 
$1,800, and memecoins have become some of the most questioned assets during this time.
Uncertainty Surrounds Bitcoin
Despite a decline from all-time highs, most analysts remain optimistic about Bitcoin’s future. Analyst Inmortal Crypto believes that the gap from the drop has been closed and that every 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.
On the other hand, some analysts, like CryptoCapo, emphasize the need to proceed cautiously. Capo is known for describing the surge from $18,000 to $100,000 as a “bull trap.” He suggests that a similar scenario could repeat itself. The lack of a clear market direction raises concerns that if Bitcoin remains below $85,000, more severe sell-offs could occur.
Could Interest in Ethereum and Memecoins Rise Again?
Ethereum has been one of the assets that failed to meet expectations in this cycle. The ETH/BTC ratio has dropped 72% from its peak, reaching its lowest level since 2021. However, analysts like CryptoGoos believe the $2,000 to $2,200 range could represent a bottom, claiming it is the “biggest buying opportunity” at present. Indeed, wallet-level investors accumulating $2.5 billion worth of ETH during the last decline strengthen speculation that prices may not drop further.
Despite short-term sharp declines, memecoins continue to attract attention. Analyst Honey predicts that after drops of up to 90%, a new surge could yield returns of 300% to 500%. Renowned analysts like Murad suggest that memecoin projects like SPX6900 might replace the S&P 500 in the future, fueling optimism within the sector.
