Crypto Bloodbath: Experts Scramble as Markets Tumble Without Warning
Digital assets nosedive—leaving analysts scratching their heads and traders scrambling for exits.
No obvious triggers, no mercy. Bitcoin sheds 15% in 24 hours while altcoins get crushed harder than a startup's dreams during SEC scrutiny.
Silver lining? The dip buyers are already circling like vultures over a dying stablecoin project.
Cryptocurrencies Enter the Bear Market
Currently, Bitcoin (BTC)
$104,739 is priced at $104,800, with an anticipated phone call between Trump and Xi today. This discussion could potentially clarify issues concerning tariffs, marking it as the day’s most crucial development. Nevertheless, there’s a slight chance the call might be postponed until tomorrow. Additionally, within a few hours, the European Central Bank is expected to announce its decision regarding interest rate cuts.
Renowned for his measured viewpoint, Roman Trading brought attention to harsh realities in today’s assessment. Unusual bull markets occurred, but expectations were unmet, and now it’s nearing its end.
“Everything aligns just as it did in 2021. Low trading volume with rising prices, three-level bear divergence on RSI, and an overbought stock. The bull run has concluded, and market-moving news no longer uplifts the market,” he stated.
Although the analyst isn’t predicting the future, his comparisons to 2021 are alarming. Should negativity regarding tariffs resurface and the U.S. decide to retreat while China embraces global trade, the scenario outlined by the analyst could unfold for cryptocurrencies.
Bitcoin and Altcoins
Crucial U.S. employment data is expected tomorrow, but without resolving tariff uncertainties, any U.S. data released won’t prompt the Fed to cut rates. Powell, ignoring Trump’s appeals, hints at needing the interest rate tool when times worsen, with continuous deferrals.
Yet, growing fear might be beneficial since all significant rises in crypto commenced under such conditions. Jelle remains hopeful.
“Bitcoin remains compressed between EMA’s alongside local support. It’s progressing exactly as planned. We might endure a few more painful days before the price ascends past $112,000,” Jelle shared.
Michael Poppe, meanwhile, shared a graph for ETH, indicating that as the ETHBTC pair rises, both BTC and ETH are on a path to new records. This is the sentiment everyone desires to hear, though time will reveal the actual outcomes.
