{"id":3226,"date":"2025-03-02T05:11:08","date_gmt":"2025-03-02T05:11:08","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoins-risk-factor-remains-high-crypto-analyst-notes\/"},"modified":"2025-03-02T05:11:08","modified_gmt":"2025-03-02T05:11:08","slug":"bitcoins-risk-factor-remains-high-crypto-analyst-notes","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoins-risk-factor-remains-high-crypto-analyst-notes\/","title":{"rendered":"Bitcoin\u2019s Risk Factor Remains High, Crypto Analyst Notes"},"content":{"rendered":"

A crypto analyst believes that Bitcoin<\/a> remains a very risk-on asset that is linked to the shifts in the macroeconomic landscape.<\/p>\n

Emily Nicolle, a crypto reporter for Bloomberg, gave her take on Bitcoin as the firstborn cryptocurrency plunged 13% and entered bear territory. This might have been due to macroeconomic uncertainty and political factors.<\/p>\n

\u2018Very Risk-On Asset\u2019<\/strong><\/h2>\n

Nicolle said in a Bloomberg TV interview<\/a> that the current movement in Bitcoin is highly correlated with the changes in the macroeconomic landscape, adding that anything that happens on Wall Street could affect the cryptocurrency.<\/p>\n

The crypto reporter explained that investors can never discount the impact of the macroenvironment on Bitcoin, saying, \u201cEverything that’s happening to stocks that knocks on crypto too.\u201d<\/p>\n

\nNicolle described Bitcoin as \u201cvery risk-on assets.\u201d \u201cSo, when there’s turmoil happening in the S&P 500, you’re going to see that in Bitcoin as well. And so that is definitely catapulting this,\u201d she added.\n<\/p><\/blockquote>\n

The analyst added that aside from the macroeconomic environment, the cryptocurrency sector went through a rough period. \u201cWe’ve had a 1. 5 billion hack last week. We’ve had some turmoil in terms of what’s going on in politics as well,\u201d she continued.<\/p>\n

Only a little over a week ago, the cryptocurrency faced a setback<\/a> after a North Korean-based hacker group stole an estimated $1.5 billion worth of crypto from Bybit, which could be the largest cryptocurrency hacking in history.<\/p>\n

\n\u201cIn terms of what people are expecting to see going forward, it’s still very much up in the air as to how Bitcoin could perform even in, even today,\u201d Nicolle said in the interview.\n<\/p><\/blockquote>\n

<\/p>\n

Political Uncertainty<\/strong><\/h2>\n

Nicolle also noted that political uncertainty is another factor driving Bitcoin into bearish territory. United States President Donald Trump vowed to establish clearer regulations<\/a> on cryptocurrency, but these have not been met.<\/p>\n

\n\u201cSome of the things that Trump promised to do on the campaign trail have not yet come to force and those are the kind of catalysts that we’re looking to as potential upsides for Bitcoin in the weeks ahead, things like a strategic Bitcoin reserve,\u201d she explained.\n<\/p><\/blockquote>\n

The crypto analyst pointed out that the macroenvironment is weighing very heavily on Bitcoin\u2019s potential. \u201cIf we don’t get any movement on that, if things don’t start to look up elsewhere, Bitcoin will continue to be down,\u201d she predicted.<\/p>\n

Closely Watching The $70k Mark<\/strong><\/p>\n

Nicolle said that crypto traders are closely watching the $70,000 mark, which is the crucial psychological and technical support zone.<\/p>\n

\u201cWe’re all looking at about the $70,000 mark at the minute. So, if it does continue to go down, which is kind of to be expected in the current environment, then that is the next point at which we’re going to be starting to think. That is where a lot of the risk is happening,\u201d she explained.<\/p>\n

The analyst described Bitcoin as the \u201ctide that lifts all boats\u201d so when it goes up, other cryptocurrencies also go up too. \u201cBut those smaller cryptocurrencies are hit harder when there’s tumult in markets. They are just much more volatile by comparison,\u201d she added.<\/p>\n

Featured image from FairPlanet, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A crypto analyst believes that Bitcoin remains a very risk-on asset that is linked to the shifts in the macroeconomic landscape. Emily Nicolle, a crypto reporter for Bloomberg, gave her take on Bitcoin as the firstborn cryptocurrency plunged 13% and entered bear territory. This might have been due to macroeconomic uncertainty and political factors. \u2018Very…<\/p>\n","protected":false},"author":1,"featured_media":3227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[65,73,70,254,459],"class_list":["post-3226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-btc","tag-btcusd","tag-cryptocurrency","tag-digital-assets"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=3226"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3226\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3227"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}