Crypto’s Trump rally evaporates as tariffs savage riskier assets | Crypto Craft

  • Crypto’s Trump rally evaporates as tariffs savage riskier assets

    From bnnbloomberg.ca

    Cryptocurrencies wiped out almost all their gains since Donald Trump’s election win in early November as fallout from the US president’s tariff onslaught sparked heavy selling in an asset class he’s vowed to champion. Bitcoin tumbled below $75,000 on Monday for the first time since Nov. 7, dropping as much as 5.3%. The total market capitalization of all cryptocurrencies fell about 12% to $2.47 trillion, roughly where it stood when Trump sealed his victory, according to CoinGecko data. Ether dropped to the lowest since March 2023. The slide comes as Trump dug in on sweeping tariffs that have already wiped ... (full story)

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Trader#F797
Apr 7, 2025 8:14am
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XRP has hit Monthly Support at 1.6$ and that should be it. Support at 2$ has been broken, orders have been removed and stop losses have been triggered. This should be the bottom.

It's also highly unlikely that BitCoin will fall below the today's low at 74 500$. If it does, it's dead in my opinion. Ethereum is dead if you ask me, but we'll see...
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