Bitcoin affirms its dominant position in the face of altcoins. The queen of cryptos sees her market share crossing the symbolic threshold of 60 % on February 2, while altcoins accuse significant losses following the new trade measures imposed by President Trump.
Bitcoin resists better in a lower market
The Crypto market is currently undergoing a general correction, with Bitcoin displaying a drop of 7.3 % over the last seven days, according to CoinmarketCap, an evolution which is explained by the causes of the recent fall in cryptos.
This performance, although negative, demonstrates better resilience compared to the main alternative cryptos. The Ether is retreating by 18 %, the XRP plunges 19, 95 %, while Solana recorded a marked fall of 14.3 %.
This trend is part of a tense macroeconomic context, marked by the imposition of new customs tariffs by the Trump administration. These measures, which include 25 % taxes on Canadian and Mexican imports, as well as 10 % on Chinese products, caused a shock wave on the financial markets.
Faced with these uncertainties and fears of increased inflation, investors favor refuge values such as American treasury bills, abandoning more risky assets.
Mixed prospects for the Crypto market
Sector experts anticipate New short -term turbulence. Van Nuener, a trader and recognized analyst, warns against a possible domino effect following the opening of American -term markets.
Arthur Hayes, co-founder of Bitmex, had already predicted a post-investiture correction in December 2024, believing that the euphoria around Trump's pro-Crypto promises would fade in the face of legislative realities.
The situation is all the more tense since the American technological sector is going through a difficult period, marked by the emergence of the Deepseek R1 model in China. This technological advance, qualified as a black swan event, pushes the Trump administration to consider a tightening of restrictions on exports of Nvidia components to China.
Ryan Lee, chief analyst at Bitget Research, had already predicted a possible Bitcoin correction around $ 95,000, stressing the importance of macroeconomic indicators and the federal reserve policy in the coming weeks.
In short, in this climate of uncertainty, the increased domination of Bitcoin paradoxically reveals both its relative resilience and the persistent fragility of the crypto market in the face of geopolitical and macroeconomic turbulence.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
