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Now, this is exactly what I meant when I said the political landscape is so uncertain. Just two days ago, I wrote that the crypto market would be able to trade freely, with no major catalysts set to affect it until later next week. Yet here we are—Donald Trump has announced plans to introduce reciprocal tariffs, starting with multiple countries next week. This comes less than a week after trade tensions between the US and Canada and Mexico were put on pause. The timing has caught most by surprise, including the markets.
Bitcoin briefly traded back above $100K, but as soon as the announcement came out, BTC lost almost 3% within the first 30 minutes. Now, just seven hours later, it’s down 4.5% from the overnight high. As expected, altcoins have continued to struggle, extending the trend we’ve seen over the last few months. Bitcoin dominance is back above 62%, highlighting its strength within the market and reaffirming its status as the ‘safe haven’ of the industry.
We’re in a period of great uncertainty in both political and economic landscapes, meaning unexpected events will continue to shake up the crypto markets—both positively and negatively. During times like these, the main focus should be accumulating Bitcoin. Think back to last year: we spent six months consolidating between $50K–$75K before Trump’s election victory acted as a catalyst to break out. Could we be in for a similar consolidation now? Bitcoin has already established a range between $90K–$110K… Only time will tell. In the meantime, the priority should be buying Bitcoin.
Wednesday February 12: Jerome Powell Speaks
Arguably the most influential figure in the markets aside from Donald Trump. His tone and comments will drive market sentiment.
Thursday February 13: CPI data
One of the most crucial inflation indicators. If CPI shows inflation is under control, risk-on assets could rally. However, a higher-than-expected reading would likely have a bearish impact on markets.
Tuesday February 18: Reserve Bank Australia Interest rate decision
Markets anticipate the RBA to cut interest rates, though this is unlikely to impact crypto markets significantly.
Tuesday February 18: FTX Repayments begin
FTX is set to begin repaying an estimated $6.5B–$7B, with funds reaching sub-$50K claim holders first.
Stormrake Spotlight: Ondo Finance (ONDO) ($1.34)
Stormrake Spotlight: Ondo Finance (ONDO) ($1.34)
Ondo Finance returns to the Stormrake Spotlight as one of the best-backed crypto assets by traditional institutions. It is a leading Real-World Asset (RWA) project and has secured major partnerships, including BlackRock, the world’s largest asset manager. Ondo has also partnered with Ripple to launch tokenised assets on the XRP Ledger. Additionally, World Liberty Financial has begun accumulating ONDO.
Despite broader market weakness, Ondo has demonstrated remarkable strength, a highly bullish sign. Strength during periods of market uncertainty often indicates that a project will outperform when the market turns bullish.
Currently, ONDO is down 38% from its December all-time high (ATH), trading at $1.34, where clear support is forming. This level presents a compelling accumulation opportunity, especially given that some of the most influential players in the space are backing the asset.
BTC/USD Key Levels and Price Action:
BTC/USD Key Levels and Price Action:
Bitcoin has recovered strongly since the tariff announcement and is now up 2.5% from the low. As expected, BTC bounced off the bottom of its range. If Bitcoin can sustain this momentum and break above key moving averages, it will flip market sentiment back to the bulls and could trigger a retest of $100K.
BTC Total ETF Flows for 9 Feb: $ (data not available)
(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
ETH/USD Key Levels and Price Action:
ETH/USD Key Levels and Price Action:
Ethereum is mirroring Bitcoin’s price action, bouncing off the bottom of its range. ETH is on the verge of breaking above the 21 and 55 EMAs, a move that could ignite a rally towards the top of the range and shift momentum back to the bulls.
ETH Total ETF Flows for 9 Feb: $ (data not available)
(ETF flow data is sourced from https://farside.co.uk/eth/ and reflects figures at the time of writing.)
*All prices are denominated in USD unless stated otherwise*
Written by Alexandar Artis
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