The spectacular rise of Solana (soil) of 8 % this Monday, accompanied by Bitcoin (BTC) which borders on $ 90,000, illustrates the current volatility of the Crypto market. This impressive dynamic is, however, intimately linked to global economic developments, in particular the trade tensions caused by the United States, which weigh on the future of cryptos and the confidence of investors.
The ascent of Solana in the wake of bitcoin
The start of the week was marked by a notable increase in Bitcoin and Solana, carried by specific factors which testify to a market dynamic different from previous outbreaks.
Some analysts of the QCP trading firm specify that “the rally seems truly directed by a cash application, and not by speculative positions via term contracts”. Such a distinction is essential, because the previous bullish markets had often been fueled by a strong lever effect, which increased the risk of brutal corrections.
The main elements having contributed to this ascent are:
- A solid cash request: unlike the bullish phases fed by the lever, investors seem to favor direct Bitcoin purchases, which reduces the risk of massive liquidation.
- A market for term contracts under control: Open interest on Bitcoin amounted to $ 53 billion on Monday, a level lower than that of the previous month, which would indicate a healthier market and less vulnerable to extreme fluctuations.
- The training effect on Solana: in parallel, Solana climbed to $ 142, and recorded an increase of 8 %, carried in particular by the growing interest in some same corners of its ecosystem.
- A return of investors after a period of stagnation: the cryptos had experienced several weeks of hesitation, and this revival of volatility seems to revitalize the market.
In this context, Solana's rise is also explained by a more specific phenomenon: the return in force of certain same corners based on its blockchain. Among them, Fartcoin jumped 15 % to $ 0.56, while other low capitalization assets followed the movement.
This trend suggests that Solana could benefit from a renewed speculative interest, in addition to the wider dynamic carried by Bitcoin.
The challenges behind Trump's economic policy
If the rise in Bitcoin and Solana attracts attention, Donald Trump's trade policies do just as much, in particular with the announcement of new taxes on oil imports from Venezuela.
Trump, via his social networks, said that from April 2, countries that buy Venezuelan oil will have to pay 25 % additional taxes. A decision, which, although directly linked to energy resources, could have significant repercussions on the global financial markets, including those of cryptos.
The consequences of this new tax are still vague, but observers of the Crypto market remain cautious. Thus, future contracts on Bitcoin, which had reached $ 53 billion on Monday, could suffer, because increased economic uncertainty often encourages investors to disengage from risky assets.
It should also be noted that investment products in crypto ended a series of five consecutive weeks of losses. Despite economic tensions, part of Crypto investors remain optimistic in the short term.
However, QCP Capital experts emphasize that all this could change if the pricing climbs recommended by Trump are materializing, which would thus feed increased volatility on the markets.
In short, the current increase in Solana and Bitcoin, although remarkable, remains vulnerable to geopolitical and economic pressures. If real demand seems to play in favor of crypto, commercial uncertainty may well constitute a major obstacle to this dynamic.
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