Why Is Crypto Market Down Today?
this Crypto market feel Once again, the calories with Bitcoin, Ethereum, Dogs and XRP were all taken a big hit. Bitcoin fell 10%, Ethereum fell 15%, and XRP fell 17%. Worries about President Trump’s tariffs and fears of a potential recession are driven by the sell-off.
Is the CME gap declining intensified?
Crypto analysts say the price drop in Bitcoin is due to the CME gap. Analyst Hardy pointed out that Bitcoin today fills a gap, but it needs to fall to $85,000 to fill another gap, with the larger gap still open to $77,900. He believes filling these gaps will pave the way for Bitcoin’s next rally. The cryptocurrency Titan also saw the callback, and then bitcoin moved again, which seemed to be happening.
according to Kobeissi letterbetween 10:00 and 3:30 am ET, the market cap on the S&P 500 wasted $1.5 trillion. It is worth noting that sales pressure begins with Trump’s investment announcement. ‘The investment announcement began with a strong note, with Taiwanese semiconductor companies announcing a $100B investment in the United States. The move is expected to generate “ten billions of dollars in economic activity.”
Trump confirms tariffs tomorrow!
In addition, President Trump confirmed that 25% tariffs on Canada and Mexico will begin on March 4, and the market hopes that these tariffs will be postponed again.
Shortly thereafter, the White House announced that President Trump signed an executive order to raise tariffs in China to 20%. China’s tariffs have increased by 20% over the past two months.
https://twitter.com/kobeissiletter/status/1896675818367246716
$500B fell down
The cryptocurrency market is diving sharply because there are no new details about the U.S. crypto reserves. Crypto market is now down $100 billion from its value U.S. Crypto Reserve Announcement. In the past 24 hours, a massive reversal has purified the market value of $500 billion. Additionally, Trump announced that crypto protected areas will include Altcoins such as Solana, Cardano and XRP, many people were surprised by their hopes to include only Bitcoin. Mixed reactions have increased market collapse as investors questioned the credibility of reserves.
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Ethereum lost everything!
Ethereum has now removed all of its post-reserve earnings. Prior to Sunday’s news, ETH’s price was $2,170 and is now down to a new low of $2,094, 3.5% lower than Trump’s announcement. Altcoins like Shandogecoin and XRP are followed by The price of Bitcoin action. As of the time of writing, XRP, Solana and Cardano are currently trading at $2.3, $136.9 and $0.8011, down 17%, 19%, and 24% in the past 24 hours, respectively.
As the trade war intensifies, the average U.S. tariff rate will not be seen since the Great Depression and may rise to more than 20%. This doesn’t even take into account the possible 100% tariffs in the BRICS countries. With all this volatility, there is a great opportunity for traders.
Tariffs are online:
In the latest news, President Trump’s 25% tariff on Canada and Mexico and 20% tariffs on China have been officially issued. Canada’s retaliatory 25% tariff on the United States is now also in existence. The trade war has begun and the expected volatility is greater.
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FAQ
Cryptocurrency markets collapsed due to Trump’s tariffs, recession concerns and $500B market cap, with Ethereum, Ethereum and XRP falling.
The cryptocurrency market lost $500B due to Trump’s tariffs on China, Canada and Mexico, boosting investor confidence and causing massive volatility.
Bitcoin has fallen 10% in CME gap concerns, fear of a trade war and market sell-offs driven by Trump’s new tariffs and economic uncertainty.
Analysts predict that Bitcoin may rebound after filling the CME gap, but continued fear of trade war and economic instability may delay recovery.