Crypto markets turn while Trump announces further tariffs, and US equities fall
🟠 Bitcoin resilience – BTC has held steady despite overnight market volatility, while Ethereum and altcoins have given up recent gains.
📉 Altcoins decline – Solana (SOL) and Render (RENDER) are down 4-5%, while Cardano (ADA) and XRP (XRP) have dropped around 3%.
📈 Maker (MKR) bucks the trend – Unlike most altcoins, MKR is up 7%, showing strength amid broader market declines.
📉 US equities hit by trade tensions – Stocks fell overnight after former President Trump announced new tariffs on all vehicles manufactured outside the US.
📊 Key economic events ahead – Investors are eyeing European Central Bank’s policy meeting (today) for potential market impact.
BITCOIN has remained stable despite broader market turbulence, while Ethereum (ETH) and other major cryptocurrencies have pulled back.
Solana (SOL) and Render (RENDER) have declined by 4-5%, with Cardano (ADA) and XRP (XRP) also down around 3%. However, Maker (MKR) is defying the trend, rallying 7% on the day.
The pullback in crypto coincides with losses in US equities, which analysts link to fresh trade war concerns.
President Trump has announced new tariffs on all foreign-manufactured vehicles, reigniting uncertainty in global markets. Investors will be watching how these developments impact risk assets in the days ahead.
In the markets
🌍 Total crypto market cap ⬇️
The global cryptocurrency market capitalisation is approximately $2.85 trillion, reflecting a 0.92% decrease over the last day.
🟠 Bitcoin (BTC) ⬇️
Price: Currently trading at $87,560, marking a 0.9% decrease in the last 24 hours.
Daily high: $88,277
Daily low: $86,500
💎 Ethereum (ETH) ⬇️
Price: Currently trading at $2,058, reflecting a 1.4% decrease in the last 24 hours.
Daily high: $2,103
Daily low: $2,039
📈 S&P 500 ⬇️
The S&P 500 index is currently down by 1.2% from the previous close.
😌 Fear & Greed Index
The Crypto Fear & Greed Index is currently at 40, indicating a Neutral sentiment among investors.
📊 Bitcoin Relative Strength Index (RSI) (14)
The 14-day RSI for Bitcoin is at 53, 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.
