Guess who's back, back again? Volatility's back
📉 Crypto markets decline – BTC is down 2.3%, ETH has dropped 5.7%, and altcoins are seeing steeper losses.
🌍 Volatility drivers – Markets are watching Trump’s new tariff announcements, upcoming economic data releases, and a major crypto options expiry.
⚖️ Regulatory relief? – The U.S. is expected to repeal a controversial tax rule that would have required DeFi platforms to collect and report taxpayer data.
CRYPTO markets are under pressure as a mix of macroeconomic concerns and technical market events drive uncertainty.
Trump’s tariff announcements have added to global market jitters, say analysts, while upcoming economic data releases could shape investor sentiment further. Bitcoin (BTC) is down 2.3%, Ethereum (ETH) has dropped 5.7%, and altcoins are seeing steeper losses, with Pol (POL) down over 10%.
Billions in crypto options contracts are set to expire today, potentially adding further volatility. As Mitrade notes: “Today, approximately $14.21 billion worth of Bitcoin and Ethereum options are due to expire. Market watchers are particularly attentive to this event because it has the potential to influence short-term trends through the volume of contracts and their notional value.”
On a positive note, the likely repeal of a US tax rule for DeFi platforms could provide a boost to the sector.
Investors will be watching Bitcoin’s support levels closely to gauge whether further downside is ahead or if the market can stabilise.
In the markets
🌍 Total crypto market cap ⬇️
The global cryptocurrency market capitalisation is approximately $2.77 trillion, reflecting a 2.84% decrease over the last day.
🟠 Bitcoin (BTC) ⬇️
Price: Currently trading at $85,094.00, marking a 2.67% decrease in the last 24 hours.
Daily high: $87,781
Daily low: $85,047
💎 Ethereum (ETH) ⬇️
Price: Currently trading at $1,909.94, reflecting a 5.66% decrease in the last 24 hours.
Daily high: $2,034
Daily low: $1,906
📈 S&P 500 ⬇️
Price: The S&P 500 index is currently down 0.30% from the previous close.
😬 Fear & Greed Index
The Crypto Fear & Greed Index is currently at 33, indicating 'Fear' among investors.
📊 Bitcoin Relative Strength Index (RSI) (14)
The 14-day RSI for Bitcoin is at 25, suggesting that the asset is oversold.
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.
