Trump signed the decision that includes customs tax exemptions for many foods and is making statements at the time of writing. BTC dropped to $91,292. ETH price lost 3 thousand dollars after 126 days. Many cryptocurrencies saw losses exceeding 5 percent. What’s happening today? What should we expect in cryptocurrencies? How many dollars are the targets? We’ll cover all of this quickly.
Trump’s Statements
This article will be a little longer than average because there are so many topics. Trump is talking about chips and Venezuela at the time of writing. His voice was hoarse, and when asked why, he said, “I was shouting about trade.” The upcoming Supreme Court tariff decision will put Trump in a difficult situation. Moreover, he is experiencing these difficulties in the run-up to the 2026 midterm elections, and Epstein and Democrats from all directions are attacking him.
“Within a year, we will capture a large part of the chip production market. We stupidly lost the chip market to Taiwan. Due to tariffs, chip manufacturers are returning to the USA. The USA may hold the majority of global chip production.
We will likely distribute duty dividends in mid-to-late 2026. We will sell F35 to Saudi.
If we have to attack Mexico to stop the flow of drugs, that’s fine with me. I would be proud to attack drug factories, but I’m not saying I’ll do that. Mexico knows my stance. “I am not happy with Mexico.”
The decision to relax food tariffs is good for reducing inflationary pressure. Delaying dividends is bad for the QE story, but it wouldn’t be as effective. Again, it all comes down to the December interest rate decision and the decision of the Supreme Courts. And of course, attacking Mexico and Venezuela would not be good for crypto.
Cryptocurrency Decline and Altcoins
We have already shared many on-chain, technical analysis, news flow, macroeconomic, philosophical, political and economic evaluations about the reasons for the decline. What is real is that the fall happened as a set of reasons. And the decline is real. What happens after this stage is important.
Capo just wrote the following while BTC was trying to penetrate 91 thousand dollars;
“As you know, I am generally bearish, but the current bearish wave seems overly extended and there is a lot of liquidity upside. I think this is a local bottom for a few days. Altcoins, especially AI tokenswill recover stronger than BTC. My position is the same as here, but I started taking profits from my short positions.”
If even Capo says the decline must end, we must now see a recovery, even if short-term.
The S&P 500 fell 1.39%. The tech-heavy Nasdaq Composite lost 1.45%. Wall Street’s fear index VIX rose 15%. While the VIX has seen the scariest levels since April, the situation is no different in the crypto sentiment index. Trump’s abnormal tariffs in April triggered such a decline.
At press time, the Fed’s Waller said he would support a 25bp cut in December. Since it is already pro-discount, it does not have much of an impact on the market.
“Fed’s I support a quarter-point interest rate cut at the 9-10 December meeting. The interest rate cut in December will provide additional assurance to the labor market. I am concerned that restrictive monetary policy will burden the economy. The US labor market is weak and near a standstill.
US headline inflation is close to the 2% target. Inflation expectations remain well anchored.
customs duties a one-off price shock. I do not see any factors that will cause inflation to accelerate. US GDP growth slows in the second half of 2025. “It is unlikely that any data, including the upcoming employment report, will change the view that a rate cut is appropriate.”
BTC, ETH, SOL, ADA
The $94,400 region was a key point for BTC, but as key levels above were lost, the April rally came to a complete halt. At this stage, wicks below $90,200 may have annoying consequences. In an environment where the decline deepens, $88,000 and $82,000 will come to the fore. The loss of $ 74,000 will now make the final of the bull markets certain.
However, since we have seen very rapid declines for 4 weeks, we should now see a reaction rise to 106 thousand dollars. ETH It gave back what it earned in 126 days, rose with difficulty but fell easily. The new ATH incurred the wrath of the news cycle. In an environment where $ 2,920 cannot be protected, it may return to the range of $ 2,759 and $ 2,360.
$112 was an important threshold for SOL Coin and was the level where the rise accelerated. If the bears heading here are successful, SOL Coin We can see a lower wick extending to $105-88. In the opposite scenario, we can expect a recovery to $143.
Finally ADA Coin many others from cryptocurrency He is going through worse days. The only motivation is that it has not reached the October 10 bottom yet. Continued closes below $0.53 are pushing the price towards $0.434. The last stop may be $0.33 in the continuation of the decline.
In a possible recovery, $ 0.72 can be targeted by taking back $ 0.53.
