Trade wars and a slide in risk-on investments
Risk-off sentiment weighs on crypto – Bitcoin (BTC) (-1.28%) and Ethereum (ETH) (-2%) start the week lower as broader risk assets slide. Altcoins face steeper losses, with Berachain (BERA) and Hedera (HBAR) down 6-8%.
Markets brace for trade war escalation – Donald Trump says new tariffs will apply to all nations, not just key trading partners. Full details expected Wednesday, dubbed "Liberation Day."
Nasdaq nears bear market territory – The Nasdaq 100 is now down 14% from its February peak, just 6% away from a technical bear market, according to The Kobeissi Letter.
CRYPTO markets are tracking losses across equities as investors digest the latest trade policy rhetoric from US President Donald Trump.
Bitcoin (BTC) is down 1.28% overnight, while Ethereum (ETH) has slipped more than 2%. Altcoins, which tend to be more sensitive to risk-off sentiment, are bearing the brunt of the sell-off - Berachain (BERA) and Hedera (HBAR) are each down between 6-8%.
The weakness in crypto aligns with a broader retreat in risk assets. The Nasdaq 100 is set to open lower, now down 14% from its February 19th all-time high. Analysts point to escalating trade war concerns as a key driver behind the decline.
Trump, speaking Sunday, confirmed that his proposed tariffs will apply to all nations, not just the 10-15 with the largest trade imbalances.
The full scope of these measures will be unveiled Wednesday, which he has branded "Liberation Day". Investors will be closely watching for any policy specifics that could impact global markets, including the potential fallout for crypto, which has historically reacted to macroeconomic uncertainty.
In the markets
🌍 Total crypto market cap ⬇️
The global cryptocurrency market capitalisation is approximately $2.65 trillion, reflecting a 1.52% decrease over the last day.
🟠 Bitcoin (BTC) ⬇️
Price: Currently trading at $82,044.01, marking a 1.18% decrease in the last 24 hours.
Daily high: $83,500
Daily low: $81,200
💎 Ethereum (ETH) ⬇️
Price: Currently trading at $1,793.15, reflecting a 2.56% decrease in the last 24 hours.
Daily high: $1,820
Daily low: $1,780
📈 S&P 500 ⬇️
Price: The S&P 500 index is currently down 1.97% from the previous close.
😬 Fear & Greed Index
The Crypto Fear & Greed Index is currently at 24/100, indicating a state of Fear among investors.
📊 Bitcoin Relative Strength Index (RSI) (14)
The 14-day RSI for Bitcoin is at 46, suggesting that the asset is neither overbought or 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.
