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 recent geopolitical developments, including President Trump's new tariff policies, which have exerted pressure on various asset classes, including Bitcoin. Additionally, the market is absorbing the impact of renowned economist Eugene Fama's prediction that Bitcoin could become worthless in a decade, a sentiment that has reignited debates about the long-term viability of cryptocurrencies.
The Proshares Ultrashort Bitcoin ETF (SBIT) saw a notable increase, rising 5.25% to $9.43 as of 18:20 on Saturday, February 1.