Cryptocurrency markets struggle between stability and uncertainty, investor trust becomes the focus

With major altcoins struggling to find directions, the cryptocurrency market remains full of uncertainty. BlockDAG has frozen its price at $0.0013 until October 2024 to stabilize early investor confidence, in stark contrast to typical cryptocurrency volatility. Dogecoin is facing a bearish trend and has failed to hold above $0.08, and is currently trading between $0.06-0.07, with technical indicators favoring short positions. Filecoin fell below $4.50, down more than 15% from its March high due to weak decentralized storage demand and market pullback. The widespread caution stems from potential rate hikes, economic slowdowns and regulatory scrutiny, although people remain optimistic about a rebound in late 2024 driven by growth in Bitcoin ETFs and infrastructure.