The Cryptomarkt was shaken this morning by sharp falls, shortly after the new global import duties by President Donald Trump came in force. Bitcoin (BTC) dropped to just below $ 75,000, while Ethereum (ETH) went down with a slap of 10%.
The smaller altcoins were hit even harder. XRP lost more than 12%, while Memecoins such as Dogecoin (Doge), Pepe (Pepe) and Shiba Inu (ShIB) recorded on average more than 9% lower.
Trade War becomes trust in crypto
Tensions on international trade are increasing rapidly, with rates on Chinese products that have been screwed up to 104%. Dozens of other trading partners also receive substantial import duties. The reaction to the financial markets did not take long.
American government bonds, normally a safe haven, are sold en masse. The interest on 30-year loans rose to 56 basic points to 4.98%in three days. Such violence on the bond market has no longer occurred in decades. Analysts suspect that a forced liquidation of a major player is based on this.
American 30-year interest rate, change over 3 days Source: Bloomberg
In this climate, investors withdraw en masse from cryptocurrencies. The rally from earlier this week has been completely erased. The broad market lost around 6% in value in one day, with which the decrease will reach 15% in a week.
The correlation between Bitcoin and the US stock markets in the meantime remains high. When investors avoid risk, cryptos also feel the pain. The growing chance of a long -term trade war feeds the negative sentiment.
Opportunities in the dip?
Yet there are also voices that see opportunities in the current correction. Ryan Lee from Bitget Research expects Bitcoin to continue to fall to the level of $ 70,000 A $ 75,000 as the voltages persist. At the same time, he sees this as an opportunity for long -term investors.
“It’s a good time to buy Bitcoin via Dollar-Cost Averaging,” says Lee. “In the long term, also look at Altcoins such as Solana (SOL) for more returns, but realize that there is more risk to that.”
Lee remains optimistic about the further course of 2025. When the geopolitical peace returns and the policy is more favorable for crypto, he sees Bitcoin rise towards $ 100,000.
At the time of writing, the Bitcoin rate is $ 77,737, a decrease of 2.1% in the last 24 hours. Ethereum currently records $ 1,486 and thereby handed in 5.14% compared to the day before.
Source: https://newsbit.nl/trump-ontketent-handelsterreur-ethereum-crasht-bitcoin-onder-druk/
