The domination of Bitcoin (BTC) – A measure from the Bitcoin part of the total market capitalization of the cryptocurrency – exceeded 60% on February 2 in the middle of a general slowdown in the cryptographic markets in response to the commercial prices of American president Donald Trump.
Altcoins have been the hardest affected by the slowdown, with ether (ETH) lowering approximately 9.3% in the last seven days, XRP (XRP) losing 13.8% and Solana (ground) losing approximately 19.3% last week, according to CoinmarketCap.
The newly imposed prices of the president included a 25% tax on imports from Canada, 25% on all of Mexico products and 10% on all the goods in China, which caused countries.
Fearing increased inflation of the newly inflamed trade war and providing for high interest rates for a large part of 2025, investors fled more risky assets for titles of the United States government.
Current Bitcoin dominance at 60.59%. Source: Tradingview
In relation: The market capitalization of Stablescoin exceeds $ 200 billion as the domination of the USDC increases
More short -term to come pain
According to Trader and Van Nuener Analyst, cryptographic markets can decrease again as a result of the opening of American -term markets on February 2.
“The future will probably open up and that could make Crypto do the same,” warned nude on social networks.
The co-founder of Bitmex, Arthur Hayes, predicted a sale of crypto around the inauguration of President Donald Trump in an article in December 2024.
Hayes argued that optimism surrounding the election of President Pro-Crypto is lowered once the merchants have realized that the success of cryptography legislation would probably take some time and not be a night process.
Ryan Lee, Bitget Research chief analyst, recently planned a potential BTC correction at the price level of $ 95,000 in the short term.
The analyst told Cintelegraph that macroeconomic factors, including labor statistics and federal reserve policy, will play an essential role in determining the Bitcoin Prize in the coming weeks.
President Trump’s prices occur in the middle of a recent slowdown in the actions of American technology and crypto following the fear caused by the release of Deepseek R1 – an open source model developed and formed in China.
Crash in the Nasdaq 100 index after the publication of Deepseek R1. Source: Tradingview
According to the White Deepseek Paper, the model works on equal with the main OpenAi models but was formed for a fraction of the cost using older computer equipment.
The launch of Deepseek was characterized as a Black Swan event, which prompted the Trump administration to consider even more strict export restrictions on Nvidia sales to China – sew more uncertainty in the financial markets.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
Review: 9 curious things about Deepseek R1: Ai Eye
