Cryptoma markets in free fall: Trump's customs announcements ensure surprising setback at Bitcoin and Altcoins

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Märkte im Rückgang: Bitcoin und Altcoins betroffen Nach einer Woche vorsichtigen Optimismus färben sich die Märkte erneut tiefrot. Bitcoin (BTC) fiel um etwa 2,3 %, während Altcoins wie Ethereum (ETH), Dogecoin (DOGE) und XRP noch stärker betroffen waren und in den letzten 24 Stunden Rückgänge von 5,7 %, 7,2 % und 5,8 % verzeichneten. Was steckt hinter diesem plötzlichen Rückgang? Wirtschaftliche Spannungen belasten den Kryptomarkt Ursprünglich reagierten die Märkte positiv auf Berichte über mildere Importzölle. Diese Stimmung kippte jedoch schnell, als Donald Trump überraschend ankündigte, zusätzliche Zölle zu verhängen, falls eine wirtschaftliche Zusammenarbeit anderer Länder, wie Kanada oder der Europäischen …
Traffic markets: Bitcoin and old coins affected after a week careful optimism, the markets dye deep red again. Bitcoin (BTC) fell by about 2.3 %, while old coins such as Ethereum (ETH), Dogecoin (Doge) and XRP were even more affected and recorded declines of 5.7 %, 7.2 % and 5.8 % in the last 24 hours. What is behind this sudden decline? Economic tensions burden the cryptom market. The markets originally reacted positively to reports on milder import duties. However, this mood quickly overturned when Donald Trump surprisingly announced additional tariffs if an economic cooperation between other countries such as Canada or the European ... (Symbolbild/KNAT)

markets in a decline: Bitcoin and old coins affected

After a week of careful optimism, the markets color again deep red. Bitcoin (BTC) fell by about 2.3 %, while old coins such as Ethereum (ETH), Dogecoin (Doge) and XRP were even more affected and recorded declines of 5.7 %, 7.2 % and 5.8 % in the last 24 hours. What is behind this sudden decline?

economic tensions burden the cryptoma market

The markets originally reacted positively to reports on milder import duties. However, this mood quickly overturned, when Donald Trump surprisingly announced to impose additional tariffs if an economic cooperation between other countries such as Canada or the European Union (EU), came against the USA.

These comments further heated the existing trade conflicts, especially at a time when the markets seemed to calm down a bit. These uncertainties also fall into the critical days before the publication of the US inflation figures, which could have a significant impact on the future interest rate policy of the Federal Reserve (FED).

long-traders particularly affected

In the middle of these turbulent developments, there was a massive wave of liquidations. According to data from the Coinglass analysis platform, positions worth $ 357.44 million were liquidated in the last 24 hours, with the majority of long positions. These investors had relied on rising courses, strengthened by the previous optimism.

Outlook for the upcoming developments

The macroeconomic location will continue to have a significant impact on the cryptom market and traditional financial markets. As long as economic confrontations such as those between Trump and other countries exist, market uncertainty should continue.

Despite these negative developments, there is also a positive perspective. The fundamental data of many promising crypto projects have not changed. The current sideways and downward movements could therefore offer interesting entry opportunities for investors. If it is possible to defuse the trade conflicts and the central banks should reduce interest rates again, this could be the starting signal for a new upward phase at the cryptom market.