On April 8th, COINOTAG reported a significant shift in the cryptocurrency landscape, highlighting that the recent market downturn was influenced primarily by overarching global macroeconomic factors, rather than intrinsic issues within the crypto sector itself. Dr. Kirill Kretov, a Senior Automated Trading Expert at CoinPanel, emphasized the current climate of increased uncertainty, characterized by escalating trade tensions and geopolitical unrest, prompting investors to pivot from riskier assets to safe havens like U.S. Treasuries and gold. This trend has placed additional strain on cryptocurrencies, particularly on altcoins.
Despite the prevailing bearish sentiment, analysts remain cautiously optimistic about a potential short-term recovery. BRN analyst Chu noted that the current oversold conditions could indicate a rebound within the week, contingent upon forthcoming economic indicators. Chu remarked, “The upcoming release of critical data—including the Fed’s FOMC meeting minutes, U.S. CPI, and jobless claims—might catalyze a brief ‘Dead Cat Bounce’ as early as Wednesday.” This reflects a keen interest in how macroeconomic signals impact the crypto market’s trajectory.