Crypto Money Market Recently, he faces an intense sales pressure. The total market value fell by 7.48 percent and fell to $ 2.91 trillion. Bitcoin (BTC) $88,007.81the critical 90 thousand dollars lost the support of 86 thousand dollars to the level. Ethereum (ETH) 
$2,401.84 10.37 percent decreased to 2 thousand 300 dollars, while solana (left) and XRP suffered harsh losses 12.6 percent and 10.67 percent respectively depreciated. So, what’s behind this harsh fall and in which direction will the market evolve for?
Trump’s tax plans shake crypto currencies
US President Donald TrumpAnnounced that it will bring 25 percent customs duty to products imported from Canada and Mexico. French Prime Minister Emmanuel Macron At a press conference organized by the decision he stood behind the decision. Trump’s statement reduced the risk appetite in global markets and crypto currency market.
Global markets reacted to the announcement with harsh losses. S&P 500 index While falling by 2.3 percent in the last five days, Nasdaq 4 percent fell. While global investors moved away from risky assets, the crypto money market was seriously affected by this wave.
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In the last 24 hours, there was a total of more than $ 1.3 billion. Large stock exchanges like Binance Ethereum, Solana And Trump Panic went to the peak when he sells his assets like Coin.
How long can Bitcoin and Ethereum fall?
Analysts, especially big altcoinpoints to the risk of further fall in the s. Binance, one of the biggest players in the crypto currency market, creates a sales pressure caused by the fact that it is critical in terms of the direction of the market.
Well -known analyst CAPOEthereum’un 2 thousand 381 dollars in the case of the price of the price of 800 – 2 thousand 100 dollars can decrease to the band reported. For Bitcoin, he warned that the $ 85,000 level could be tested. According to the analyst, the price of the price below this level can lead to a deeper decrease.
On the other hand, the introduction of corporate investors to the market may be one of the keys to recovering. For example, the big investment company Strategy Recently, 20 thousand 356 BTCs have purchased BTC and increased its total portfolio to 499 thousand 96 BTCs. Similar acquisitions can help Bitcoin gain acceleration. However, the continuation of sales pressure and uncertainties in the global economy may cause the crypto currency market to follow the market for a long time. Especially Altcoins are expected to remain under pressure.
Is the bull run in the crypto money market?
Some experts emphasize that this decline may be a healthy correction and the back of the rise. Following this view, Bitcoin’s long -term rise trend is unspoiled and the continuation of corporate interest. According to them, the crypto money market can recover again with these two factors.
However, due to the large -scale sales made by Binance and the negative developments in the global economy, the crypto money market will move on a narrow band for a long time. Investors in the current table Bitcoin priceIt should take into account that greater losses may come if it hangs below 85 thousand dollars.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
