QCP Asia： Inflation and tariff concerns continue to intensify, putting pressure on the cryptocurrency market

According to QCP Asia analysis, the market is still affected by inflation and tariff tensions. At present, only the 10% tariff on some Chinese goods has taken effect, while there is still room for negotiation on the 25% tariff on Canada and Mexico. The tariffs on steel and aluminum are planned to be raised from 10% to 25% on March 12th. Despite ongoing uncertainty, the stock market continues to rise and the VIX volatility structure remains stable. In terms of the cryptocurrency market, Solana is under pressure due to the upcoming unlocking of 30 million SOLs on March 1st, and hedging transactions related to FTX SOLs are dragging down BTC and ETH. Meanwhile, the meme coin LIBRA, supported by the Argentine president, plummeted 89% after a brief surge of $4 billion, causing losses to a large number of investors. In addition, MicroStrategy (MSTR) did not increase its holdings of BTC for the second consecutive week, maintaining its position at 478740 BTC. However, the company plans to further increase Bitcoin through $2 billion convertible bonds. Despite market pressure, Bitcoin remains stable at $95000, but lacks a short-term upward catalyst, making it difficult to break through to higher levels.