PANews reported on April 18th that Matrixport pointed out that despite the fluctuating Altcoin trend, BTC remains stable. Since the US launched the Ethereum spot ETF last year, Ethereum's market dominance has declined by nearly 50%. Many Altcoins experienced rapid rises followed by quick drops, forming a pyramid-like price structure. For BTC to continue rising, it needs liquidity catalysts, such as the Federal Reserve releasing dovish signals or cutting rates, stablecoin growth, or increased futures leverage. However, the current crypto market lacks significant liquidity inflows, making large-scale Altcoin increases in the short term unlikely.
The Federal Reserve may not adjust rates in the summer to assess the impact of tariffs on inflation. Although the market expects four rate cuts in 2025, Fed Chair Powell stated he will cautiously evaluate. Recently, stablecoin minting volume has decreased, supporting BTC potentially maintaining the $80,000 to $90,000 range in the short term. Despite low trading volumes, a weakening US dollar may increase global money supply, thereby supporting BTC prices. Additionally, reduced regulatory risks have helped BTC perform better in the current market adjustment compared to previous periods.
