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#TariffTensionsHitCryptoMarket
Voltage tensions hit the crypto market! The escalation of the trade war between the US and the EU is negatively impacting crypto assets. Bitcoin has dropped to $92,652, and Ethereum is at $3,214. The total crypto market capitalization has fallen to $3.13 trillion. ¹ ² ³
*Developments in the Crypto Market:*
- Bitcoin and Ethereum decreased by 2.52% and 2.96% respectively in the last 24 hours.
- Altcoins such as BNB, XRP, Solana, Dogecoin, Cardano, and Hyperliquid experienced losses of over 7%.
- Tron, on the other hand, increased by 0.30%.
*What Are Experts Saying?*
- Nischal Shetty, founder of WazirX, states that the crypto market will continue to be volatile in the near future, and price movements depend on global macro developments and changes in risk appetite.
- Riya Sehgal, research analyst at Delta Exchange, notes that increasing tensions between the US and the EU have further negatively affected an already cautious market. ⁴
Stay tuned for more insights on the future of the crypto market! 🚀