Crypto markets have been navigating a period of cautious consolidation amid growing concerns over macroeconomic uncertainty.
According to analysts, this phase is characterized by defensive rotation within crypto markets rather than aggressive risk-taking. This comes amidst elevated oil prices, rising bond yields, and persistent inflation concerns driven by geopolitical tensions.
Riya Sehgal, Research Analyst at Delta Exchange, notes that Bitcoin continues to show relative strength despite the recent decline. However, Vikram Subburaj, CEO of Giottus, cautions that unless Bitcoin reclaims the $70,000-$72,000 range with stronger participation and steadier ETF demand, traders should treat any bounce as a test of resilience.