0%

Bitfinex Alpha | Waiting on Macro

2025년 3월 31일 4 분 읽기
뉴스 기사 배너 이미지
Bitcoin Dominance vs Total Crypto Market Capitalisation

Market breadth, however, continues to favour Bitcoin, with BTC dominance rising to over 61 percent even as the total crypto market cap declined sharply—signalling capital rotation from riskier altcoins into Bitcoin during heightened macro uncertainty. Ethereum and Solana and other altcoins have fallen by more than 35-50 percent from their cycle highs, reinforcing Bitcoin’s status as the reserve asset of the digital market.

As Q2 begins, price action remains reactive to macroeconomic signals, with Fed policy and ETF flows expected to dictate direction. For now, signs of capitulation have eased, but with liquidity still tight, a breakout will likely require a significant catalyst.

In terms of the macro picture, some parts of the US economy are showing signs of resilience—such as a narrowing trade deficit and a rise in durable goods spending—but these bright spots are overshadowed by deeper structural concerns.  Inflation is accelerating faster than expected, fuelled in part by rising import costs tied to new tariffs. Core inflation rose 0.4 percent in February, marking its sharpest monthly gain in over a year, while consumer expectations suggest inflation could stay elevated well into the future.

Disposable Personal Income, Outlays and Saving (Source: US Bureau of Economic Analysis)

At the same time, growth is slowing. Real income gains remain tepid once government transfers are excluded, and services spending—a key economic driver—has begun to contract. Consumer confidence is eroding, with the Conference Board index falling to a two-year low and more Americans anticipating rising unemployment. These trends point to growing caution among households, reflected in a rising personal savings rate.

Trade policy remains a central pressure point. Recent tariff hikes and expectations of further measures in April and May are prompting businesses and consumers to adjust behaviour, front-loading purchases, delaying investments, or scaling back hiring. While the February trade deficit narrowed, this followed a January import surge that likely distorted GDP forecasts. As a result, first-quarter growth is expected to slow sharply.

Despite these ongoing economic uncertainties, the broader cryptocurrency industry is still benefiting from the increasing commitment to regulatory clarity, underpinned by political support, and growing institutional interest.

The US Securities and Exchange Commission (SEC) has officially dropped its lawsuits against Kraken, Consensys, and Cumberland DRW—three major players in the industry. This move signals a significant shift from the agency’s previous enforcement-heavy stance to a more collaborative regulatory approach. It also foreshadows a commitment to establishing clear, constructive rules for the industry.

Further solidifying this direction, the SEC’s Crypto Task Force announced four upcoming roundtables to be held between April and June 2025. These sessions will engage stakeholders on key issues such as crypto trading regulation, custody of digital assets, tokenisation, and the future of decentralised finance (DeFi). The events are open to the public and reflect the SEC’s intent to foster open dialogue and transparency in shaping crypto policy.

In parallel, Trump Media & Technology Group (TMTG) has announced a high-profile partnership with Crypto.com to launch a series of crypto-focused ETFs. This venture marks TMTG’s expansion into financial products, aiming to tap into the growing demand for digital asset investment vehicles. While the initiative still awaits regulatory approval, it could significantly boost the visibility of both TMTG and Crypto.com within traditional finance circles.

The post appeared first on Bitfinex blog.

인기 뉴스

How to Set Up and Use Trust Wallet for Binance Smart Chain
#Bitcoin#Bitcoins#Config+2 더 많은 태그

How to Set Up and Use Trust Wallet for Binance Smart Chain

Your Essential Guide To Binance Leveraged Tokens

Your Essential Guide To Binance Leveraged Tokens

How to Sell Your Bitcoin Into Cash on Binance (2021 Update)
#Subscriptions

How to Sell Your Bitcoin Into Cash on Binance (2021 Update)

What is Grid Trading? (A Crypto-Futures Guide)

What is Grid Trading? (A Crypto-Futures Guide)

Cryptohopper에서 무료로 거래를 시작하세요!

무료 사용 - 신용카드 필요 없음

시작하기
Cryptohopper appCryptohopper app

면책 조항: Cryptohopper는 규제 기관이 아닙니다. 암호화폐 봇 거래에는 상당한 위험이 수반되며 과거 실적이 미래 결과를 보장하지 않습니다. 제품 스크린샷에 표시된 수익은 설명용이며 과장된 것일 수 있습니다. 봇 거래는 충분한 지식이 있거나 자격을 갖춘 재무 고문의 조언을 구한 경우에만 참여하세요. Cryptohopper는 어떠한 경우에도 (a) 당사 소프트웨어와 관련된 거래로 인해, 그로 인해 또는 이와 관련하여 발생하는 손실 또는 손해의 전부 또는 일부 또는 (b) 직접, 간접, 특별, 결과적 또는 부수적 손해에 대해 개인 또는 단체에 대한 어떠한 책임도 지지 않습니다. Cryptohopper 소셜 트레이딩 플랫폼에서 제공되는 콘텐츠는 Cryptohopper 커뮤니티 회원이 생성한 것이며 Cryptohopper 또는 그것을 대신한 조언이나 추천으로 구성되지 않는다는 점에 유의하시기 바랍니다. 마켓플레이스에 표시된 수익은 향후 결과를 나타내지 않습니다. Cryptohopper의 서비스를 사용함으로써 귀하는 암호화폐 거래와 관련된 내재적 위험을 인정하고 수락하며 발생하는 모든 책임이나 손실로부터 Cryptohopper를 면책하는 데 동의합니다. 당사의 소프트웨어를 사용하거나 거래 활동에 참여하기 전에 당사의 서비스 약관 및 위험 공개 정책을 검토하고 이해하는 것이 필수적입니다. 특정 상황에 따른 맞춤형 조언은 법률 및 재무 전문가와 상담하시기 바랍니다.

©2017 - 2025 저작권: Cryptohopper™ - 판권 소유.