An interesting situation is developing in the markets. While gold has exceeded $5,000 per ounce and silver jumped more than 14% in a day (the biggest since the 2008 crisis), Bitcoin is stuck around $88,400 and has been falling for the fourth week. This divergence is quite notable and warrants some reflection. Bitcoin has lost about 4% over the past week, and Ethereum hovers around $2,940. Solana, XRP, and Dogecoin are also under pressure. Meanwhile, stocks are rising, metals are soaring, and crypto is just holding steady. It seems that cryptocurrencies are currently trading like regular risky assets rather than as an inflation hedge, as many expected. The technical picture is uninspiring. According to analysts, BTC remains below key moving average lines and isn’t attempting to break upward. Volumes are low, traders are waiting. Everyone is waiting for Wednesday — the Fed’s decision on interest rates and reports from major tech companies. If the stock market starts to decline, crypto will likely fall along with it. Interestingly, even with a weakened dollar and geopolitical uncertainty, which usually support crypto, gold and silver have significantly exceeded expectations. If you're interested in how to verify gold authenticity before buying, now is a good time to explore that — metals are clearly attracting more attention than crypto. While cryptocurrencies await clear signals, gold has already demonstrated its strength. However, it’s worth noting that companies like Bitmine are accumulating large amounts of Ethereum — nearly 5% of all Ether. This indicates that institutional interest in crypto still exists; the market is just currently focused on macroeconomics rather than crypto news.

I'm selling here and the market has absorbed this news about Iran well. Tuesday was interesting - ETH went back above $2K ( now at $2,32K), SOL rose 2.9% to $82.91, and even XRP gained a little to $1.35. The trigger was Trump saying that the situation with Iran would be resolved soon. What caught my attention is that even with the volatility, institutional investors continued putting money into crypto. About $619 million entered into funds this week, with $521 million directly into Bitcoin. Like, the market absorbed the drop in the S&P and the 92,000 jobs cut, but spot Bitcoin ETFs continued attracting capital. This suggests it's not capitulation; it's a tactical entry indeed. Now the point everyone is watching is whether Ethereum can stay above $2K and move toward $2,5K. This shifts the narrative from just "surviving" to really starting a new trend. Solana is structurally weaker, down 55% from cycle highs, and is following more the macro sentiment than the actual activity of the ecosystem. Next week, the Fed meeting on (17 and 18 of March), and this could put significant pressure on altcoins if they come out hawkish. Bitcoin's correlation with the S&P has been 0.78 over the last 90 days – when Bitcoin and stocks move together, altcoins amplify everything. So if the Fed signals rate hikes, has the crypto market absorbed enough, or will it suffer again?

So, I noticed an interesting move in the space: Zora has migrated to Solana with a new product called Attention Markets. Basically, anyone can create a market for 1 SOL and then trade tokens tied to internet trends, memes, and cultural moments. The idea is pretty creative — instead of betting on elections or macroeconomic data, traders speculate directly on online buzz: viral hashtags, exploding narratives, stuff like AI girlfriends or Bitcoin. The launch was on February 17th, and it makes sense to do it on Solana technically. Fast block times and low fees are perfect for supporting quick price updates and frequent trading, which is exactly what you need when online momentum shifts every second. But here’s the problem: initial activity was pretty disappointing. The main token hit a market cap around $70,000 with a trading volume of $200,000. Most other trend markets struggled to find significant liquidity. Net fluctuations, yes, but mostly due to limited order books rather than genuine demand. Here’s where it gets interesting: Zora was one of the main apps on Base, the Layer 2 network. It launched its ZORA token in April last year and contributed to Creator Coins tied to Base profiles in July. That move temporarily made Base outpace Solana in daily token creation. So, the move to Solana has sparked some criticism within the Base community. Someone like Jacek Trociński, the developer behind Degen, said it was “really disappointing” to see Zora switch networks. Another creator accused Zora of extracting value from Base before leaving. Meanwhile, Base leaders emphasized that Zora’s creation tools remain fully operational on their network. What interests me is whether Zora will actually succeed in making this experiment take off. The idea of trading attention itself is fascinating, but if liquidity doesn’t come, it’s just an interesting idea. We’ll see if this product manages to find its audience on Solana or if it remains a failed experiment.