Cryptocurrencies Price Prediction: Bitcoin, Solana & Crypto – European Wrap 1 April
|Bitcoin Price Forecast: BTC recovers as dominance increases, signaling a shift amid market stress
Bitcoin (BTC) price recovers slightly, trading above $84,000 at the time of writing on Tuesday after stabilizing on Monday following a 4.29% decline the previous week. Crypto Finance reports that Bitcoin’s dominance rose to 61.4%, reflecting a shift toward BTC as a resilient asset amid market stress and supporting its recovery. However, traders should remain cautious as economic uncertainties, United States (US) President Donald Trump’s tariffs and stagflation risks may pressure Bitcoin downward due to its correlation with Equity markets amid risk-off sentiment.
Solana Policy Institute launch to shape policies for decentralized networks
Solana Policy Institute (SPI), launched on Monday, aims to educate policymakers on decentralized networks like Solana (SOL). SPI plans to unite Solana's ecosystem voices to demonstrate the technology's economic and social benefits amid debates over its decentralization and reliability. Miller Whitehouse-Levine, a key crypto advocate, leads the Solana Policy Institute.
Crypto’s attempt to stabilise
The cryptocurrency market struggled to find its footing on Monday, showing signs of a bullish effort to avoid slipping into a deeper downturn. A late-day rebound in the stock market provided some support, helping push the total market cap up by 1.1% over 24 hours, though it remains down 5% over the past week. From a technical perspective, this is a bounce within a broader downtrend, as trading remains below the 200-day moving average.
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