#MarketPullback

In the face of the recent drop in the crypto market, Richard Teng, CEO of Binance, displays measured optimism. In an analysis published on February 25, he describes this decline as a mere “tactical retreat” and not a fundamental trend change, reminding us of the historical resilience of the sector..

This significant drop comes after the announcement by U.S. President Donald Trump regarding the imminent application of a 25% tariff on Canada and Mexico, in a context where macroeconomic conditions influence the crypto market. This news immediately caused turmoil in the financial markets, with a particularly visible impact on digital assets. Bitcoin thus fell below $90,000, reaching $88,700 at the time of writing this article, down 3.6% in the last 24 hours.

According to Teng, this reaction is perfectly normal: ” History has shown that cryptocurrency markets react to macroeconomic changes like traditional assets, but they also rebound with remarkable resilience. ” He also emphasizes that the caution adopted by the U.S. Federal Reserve regarding rate cuts contributes to this temporary volatility.

Solid fundamentals supporting a rebound

Despite the gloomy atmosphere currently prevailing in the market, Richard Teng highlights several fundamental indicators that suggest a brighter future. The crypto fear and greed index currently shows a concerning score of 21 out of 100, indicating “extreme fear” among investors. However, this situation may not last.