The market confidence in the $ Trump icon seems to be shaken, as it has now decreased to the fourth largest Mimi currency by market value, which Pepe Coin exceeded. At its peak, it was second after Dogecoin, but with the maximum market of $ 1.8 billion and ongoing losses, its position in the classification is slip.
The wider fear in the encryption market and low purchase of position has worsened, making healing strong more difficult. The current status of Trump’s official symbol is still inaccurate, as the original is struggling to recover from the extended downtown direction.
Although a summary decrease to less than 10 dollars in early March, about $ 10.50 has settled, although concerns are continuing regarding additional declines. This article discusses the official prediction of the price of the coin in Trump and offers an update to the Trump tariff.
Crypto turns red after the Trump tariff – after that?
The disclosure of a tariff plan on Trump was a noticeable but not intense impact on the financial markets, especially in the encryption sector. Initially, the market concerns suggested the introduction of a very slope tariff, and it may reach 25 % in all areas.
However, the actual declaration set a 10 % global tariff with an additional higher tariff for specific countries, such as China (34 %) and the European Union (20 %). The low tariff rate, this expected to calm the morale of the investors, prevents the sales of severe markets.
Despite the general positive closure of traditional markets, with Dow 235 points and NASDAQ in 151, the reaction of the encryption market was with a shift to red. Bitcoin, which increased by about 2.5-3 % earlier in the day, decreased to a negative area, and about 1 % decreased.
source – Jacob Checks burial on YouTube
ETHEREUM followed a similar pattern, as it decreased by approximately 3 %, while XRP and other altcoins spread losses. The extent of this decline remains uncertain, as continuous market reactions are closely monitored in the following trading sessions.
The customs tariff plan attracted attention to commercial imbalances, as Trump stressed that some countries imposed a much higher tariff on American goods. China has been reported, for example, to ship 67 % on average on American imports, while the US response will now include a 34 % tariff on Chinese goods.
The announcement framing these measures as “mutual” adjustments to address the administration as unfair commercial practices. Although the encryption market witnessed a contraction, it did not collapse significantly, as some feared.
The response so far indicates that traders and investors explain the tariff measures as less than expected. To move forward, market monitors monitor the trading of futures and potential shakes that may form price movement in both stocks and encryption.
Predicting the prices of the official Mimi currency Trump
As of now, $ trump is trading at $ 9.33 with 24 -hour trading volume of $ 835 million. The price decreased by 9 % last day and 18 % during the past week. The distinctive symbol failed to create any major upward momentum, and printing is constantly higher.
With heavy market fluctuations and extensive economic doubts – including geopolitical tensions, definitions and weak feeling – the general view remains declining.
Investors are particularly focused on breaking the resistance level of $ 12, as repeated rejection indicates about $ 12.30 to $ 12.50 to constant sale pressure. While growth on an annual basis in Blockchain evaluation remains promising, Trump’s official symbol itself did not reflect this trend.
Many bearers, including those who entered at higher price levels – about $ 17 – are now deep in red. The missed opportunity for sale at $ 60 is a harsh reminder of the inability to predict the market and the risks of emotional trading.
In general, the current market conditions reflect the lack of liquidity and enthusiasm, as more than one trillion dollars from the market has been eliminated. Until the feelings improve and renewed interests appeared, the encryption space remains in a difficult stage.
Investors are advised to move forward with caution, and stay aware of developments while remaining aware of the risks inherent in such a volatile environment.
