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The crypto market has experienced a volatile week.
It started with losses for both Bitcoin [BTC] And altcoins, but these losses were quickly restored to 2 and 3 July, which prolonged the recent rally.
From June 23, Bitcoin gained 6.31%while wider altcoin The market increased by 7.6%.
4th July, however, recorded a renewed sales pressure because short -term holders made profits. The approaching term for Trump tariffs contributes to the uncertainty.
While the US has achieved trade agreements with countries such as China and Vietnam, they are key partners such as Japan, South Korea and the European Union, remain unresolved.
Concerns about the potential trade war can contribute to the recent sale.
Despite market nervousness, investor appetite remains strong. Spot bitcoin and Ethereum [ETH] ETFs recorded a robust tide of July 3.
In particular, Bitcoin saw the tide of $ 601 million-the largest one-day increase from May 22, when he recorded $ 934 million.
Source: Alternative.me
At the time of writing, reading the cryptal fear index and greed healthy 73, signaling greed on the market.
With bitcoins only 3.9% below historically high, many holders had a profit. This explains the short -term sales pressure that is observed on July 4.
Source: Alternative.me
The greed signal does not necessarily guarantee immediate price reversal.
It is worth noting that the crypto fear and the greed index hit 78 23. That was the same day when Bitcoin reached a maximum of $ 111.8,000.
In particular, the index returned to a similar level at the time of printing.
This may have made some holders to make profits, especially because BTC is currently trading within the defined scope.
Thus, altcoins did not get performance compared to bitcoins, a signaling potential weakness on the wider market.
This serves as caution for altcoins investors to prepare for increased volatility, especially if bitcoins face further losses in the coming days.
While the timing of the next college Bitcoins remains uncertain, data on the string It suggests that the ascending move may not be far away.
Long -term holders may benefit from remaining patient and continuing.