QCP Capital observes a noticeable shift in Bitcoin volatility towards put options, which is largely due to the absence of strong positive catalysts.

This cryptocurrency trading company based in Singapore has shared an analysis suggesting that the events of the past week have created considerable market fluctuations, particularly following Trump's announcement of a 25% tariff on imports of steel and aluminum. This announcement unsettled investors in anticipation of Jerome Powell's testimony and the upcoming Consumer Price Index report. QCP Capital QCP Capital also emphasizes the role of Canada and Mexico, noted as principal steel and aluminum suppliers to the U.S., in these developing trade dynamics, which may rekindle trade disputes. Moreover, Trump's comments about potential sanctions on Japan, following the White House's decision to block Nippon Steel's acquisition of U.S. Steel, have introduced further uncertainty into the mix.

While commodity prices remained relatively stable, Asian stocks experience a minor decline, and Bitcoin dipped to $95,000 before bouncing back, indicating that these shifts are more about market sentiment than any fundamental change in risk preferences. The current volatility seems to be favoring put options up to April, reflecting a lack of strong upward momentum. the tariffs A notable cycle appears to be emerging, where President Trump, sensitive to market perceptions, now seems at odds with a market that is scrutinizing his actions more critically. This dynamic could amplify market fluctuations.

With Bitcoin trading above $97,000 amidst ongoing market fluctuations.

Currently priced at $97,898, Bitcoin has seen a rise of around 1.25%. Its price fluctuated, hitting a low of $94,855 and a peak of $97,948 during the day. Additionally, Bitcoin's dominance in the market increased by 0.42% from the previous day, now standing at 60.77%, indicating that altcoins are still facing challenges in this volatile market environment.

Meanwhile, the total market cap of cryptocurrencies globally rose by 0.20% over the last 24 hours to $3.19 trillion. Additionally, trading volume surged by 39.32% compared to the previous day, reaching $104.9 billion as per CoinMarketCap's data.

As of the latest update, Bitcoin Please be advised that the information contained in this article is not meant to serve as legal, tax, investment, or any type of financial advice. It is crucial to only invest what you can afford to lose, and we recommend obtaining independent financial guidance should you have any uncertainties. For more details, consider reviewing the terms and conditions along with support pages provided by the platform or company. MetaversePost is dedicated to delivering precise and impartial news, although market conditions can fluctuate without warning.

Alisa, a committed journalist at Cryptocurrencylistings, specializes in cryptocurrency, zero-knowledge proofs, investments, and the vast field of Web3. With a sharp eye for new trends and technologies, she provides in-depth coverage to keep readers informed and engaged in the fast-changing world of digital finance.