Crypto Market Faces Volatility Amid Data and Geopolitical Catalyst

The cryptocurrency market is experiencing notable volatility this week, driven by key data releases, tariff discussions, and earnings reports. Bitcoin's price has declined over the weekend, with dominance rising, indicating a potential further increase in its market share. This trend poses challenges for alternative cryptocurrencies. Ethereum remains outperforming Bitcoin over several weeks but still faces headwinds if Bitcoin dominance extends. A notable token to watch is ZORA, which recently saw a surge after Binance listed futures, making it a risky but promising speculative opportunity with a targeted cap around $120 million. Traditional finance news shows EUR dropping sharply amid tariff negotiations, hinting at potential risk-on sentiment if tariffs are resolved positively. U.S. stock indices continue hitting record highs amid stable Fed rates. Upcoming earnings reports from Coinbase and MicroStrategy, along with a crypto report from the Trump administration, could influence market dynamics. The current technical analysis suggests cautious trading in Bitcoin below $118,600, and a potential for incremental gains in Ethereum. Among altcoins, ZRC has limited upside, while FARTCOIN shows oversold signs and could be traded against Bananans31 futures for sentiment spread. A specific short position on ZORA is recommended with defined risk parameters. Overall, traders should maintain vigilance adapting to volatility and geopolitical developments.