Bitcoin and Ethereum steady as altcoins see volatility ahead of US tariff strategy announcement
📊 Bitcoin and Ethereum hold steady - The two largest cryptocurrencies by market cap are trading sideways despite broader market volatility.
📉 Altcoin weakness - Many smaller tokens have reversed gains from the previous day, with large-caps showing limited movement.
🔍 All eyes on trade policy announcement - Investors await President Trump’s "Liberation Day" speech, which could introduce market-moving volatility.
BITCOIN and Ethereum remain relatively stable despite ongoing turbulence in the broader crypto market.
The two largest cryptocurrencies by market cap are largely unchanged over the past 24 hours, while several altcoins have seen a pullback, erasing gains from yesterday. This subdued movement is reflected in the total crypto market cap, which is moving within a narrow 0-1% range.
Market sentiment is showing modest improvement, with the Crypto Fear & Greed Index ticking up slightly while still indicating overall fear among investors.
Meanwhile, equity markets are also moving sideways as traders await clarity from President Donald Trump’s 'Liberation Day' announcement later today (9pm GMT).
Analysts warn that potential tariff measures could introduce fresh volatility, while others argue that a clear policy, regardless of its impact, could bring more predictability to global markets. It’s going to be an interesting one.
In the markets
🌍 Total crypto market cap ⬆️
The global cryptocurrency market capitalisation is approximately $2.82 trillion, reflecting a 0.54% increase over the last day.
🟠 Bitcoin (BTC) ⬆️
Price: Currently trading at $84,124, marking a 0.89% increase in the last 24 hours.
Daily high: $85,438
Daily low: $82,649
💎 Ethereum (ETH) ⬇️
Price: Currently trading at $1,855, reflecting a 0.16% decrease in the last 24 hours.
Daily high: $1,923
Daily low: $1,846
📈 S&P 500 ⬆️
The S&P 500 index is currently up 0.55% from the previous close.
😬 Fear & Greed Index
The Crypto Fear & Greed Index is currently at 29/100, indicating Fear among investors.
📊 Bitcoin Relative Strength Index (RSI) (14)
The 14-day RSI for Bitcoin is at 50.89, suggesting that the asset is in neutral territory.
Post Script…
Cautionary Notes
It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
