Analyst: Although global uncertainty is increasing, the crypto market still has the potential to rebound in the short term

Odaily Planet Daily News Analysts said that the sell-off in the crypto market on Monday was mainly driven by global macro factors rather than problems in the crypto market itself. The escalation of tariff conflicts, frequent geopolitical hot spots and conflicting macro signals are converging. Although we are currently in a period of increasing global uncertainty, BRN analyst Chu said that the oversold state may trigger a rebound in the middle of this week, depending on the upcoming economic data. As the short-term oversold of risky assets intensifies, there may be some short-term relief in the next one or two days. With the release of the Federal Reserve FOMC meeting minutes on Wednesday, the release of the US CPI and initial jobless claims on Thursday, and the release of PPI and University of Michigan consumer confidence and inflation expectations data on Friday, the market may see a "Dead Cat Bounce" that will last at least several weeks. It may start as early as Wednesday. (The Block)