The cryptocurrency market is currently navigating a complex landscape influenced by both market dynamics and geopolitical factors. Investors are increasingly shifting their focus towards emerging opportunities like the presale altcoin Rollblock (RBLK), as major cryptocurrencies such as Bitcoin, Ethereum, and XRP experience volatility. This shift is partly driven by the recent market fluctuations and the implications of President Trump's new tariff policies, which have exerted pressure on various asset classes, including Bitcoin. Additionally, renowned economist Eugene Fama's prediction that Bitcoin could become worthless in a decade has added to the cautious sentiment, sparking renewed debates about the long-term viability of cryptocurrencies.
The Proshares Ultra Bitcoin ETF (BITU) experienced a notable decline, dropping 5.69% to $57.30 as of 18:20 on Saturday, February 1.