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The encryption market is witnessing a significant contraction this week, driven by increasing interests on a possible trade war and disappointment surrounding the US government’s encryption backup plans. She conducted an interview with him recently with President Donald Trump, in which he hinted at the possibility of recession, on more investors.
Crypto Market Market: XRP, Solana and Cardano follow the bitcoin rolling direction
Bitcoin, the leading currency, has decreased nearly 4 % in the past 24 hours, as about 79,000 dollars-an unprecedented level since mid-November. ethereum (ETH), achieved a great success by a 10 % decrease of about $ 1,860, and has not seen the price since August.
Other encrypted currencies are also pressure; XRP decreased by 4 %, Solana (SOL) by 7 %, and Cardano (ADA) by 8 % with the market participants continued to back down from the most dangerous assets.
The background of this volatility includes the continuous aggressive tariff policies imposed by the new President Donald Trump towards countries such as Canada, China and Mexico.
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These measures have sparked fears of the trade war, which can exacerbate inflation and increase the cost Imported goods. As a result, investors are attracted towards safer investments, and they are out of the volatile cryptocurrency market.
In an interview with Fox News during the weekend, Trump admitted that the aggressive tariff strategy could lead to stagnation, describing the country as entering a “transitional period”.
This comment sparked warnings between investors, especially since Trump did not rule out the possibility of recession this year. Jake Ostrovskis, a medical trader in Wintermute, male The former president emphasized the possibility of “the short -term economic pain”, which leads to the amplification of the market’s concerns.
Decreased appetite for risk and federal reserve rate expectations
In addition to the uncertainty is a recent disappointment regarding the White House plans of a national encoding reserve. Many in the encryption community expected that Trump’s proposal will include large government purchases of bitcoin and other encrypted currencies, which stimulates the demand Prices enhance.
However, investors were disappointed when it turned out that the government would refrain from making additional purchases for encryption and that it would only maintain encrypted currencies that were seized from illegal activities.
Haider Raifik, chief global marketing official at Crypto Exchang Okx, has expressed his disappointment in the lack of immediate Purchase From the formal nature of the Bitcoin Reserve.
“While the creation of Bitcoin is an important milestone, it does not create instant purchase pressure, disappointing those who expect aggressive accumulation,” Rafique.
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This recession in the encryption market also follows a wider trend for a decrease in risk appetite among investors. Since the Federal Reserve announced in December that it will not be implemented Price discounts In 2025, as expected previously, the encryption market lost about 25 % of the maximum of the market.
The optimistic outlook that many converted after Trump’s election in November quickly turned, as macroeconomic factors weigh heavily in the market.
Distinctive image from Dall-E, Chart from TradingView.com
