Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12762
Markets: 99573
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12762
Cryptocurrencies
59.00%
Bitcoin Share
crypto.news 2025-02-02 11:52:44

Are Trump tariffs crashing crypto? Virtuals Protocol, Bittensor, Neo, Jasmycoin among top laggards

Are Trump tariffs crashing crypto? Virtuals Protocol, Bittensor, Neo, Jasmycoin among top laggards

Cryptocurrency prices are crashing, with the total market capitalization of all coins falling by nearly 4% to under $3.6 trillion. Bitcoin ( BTC ) and most altcoins were in the red, with tokens like Virtuals Protocol, Bittensor, Neo, and Jasmycoin being the top laggards. All these tokens crashed by over 15% on Sunday. The main reason why Bitcoin and other altcoins are crashing is the ongoing risk-off sentiment in the financial market amid the tariff risks. President Donald Trump will implement a 10% tariff on Chinese imports and a 25% levy on Mexican and Canadian goods. The three countries have pledged to retaliate on these tariffs, risking a substantial economic crisis. The new trade war has led to a big market volatility increase. U.S. benchmark equity indices ended lower Friday as markets analyzed the latest reading of the Federal Reserve’s preferred inflation metric as well as the looming tariff threat. The Dow Jones, S&P 500, and Nasdaq 100 indices all dropped by almost 1%. And U.S. inflation increased by the most in eight months, suggesting the Federal Reserve would probably not cut interest rates any time soon. You might also like: Bitcoin will eventually be zero, economist predicts: Here’s when In addition to the market volatility, these tariffs will impact inflation and the Federal Reserve. Economists anticipate that companies will increase prices to deal with the change in price. As such, General Motors and Ford vehicles brought from Mexico will see a 25% increase. The same is true with other items like televisions and smartphones. pic.twitter.com/SWZtSm6NMX — Donald J. Trump (@realDonaldTrump) February 1, 2025 Cryptocurrency prices drop when there is substantial volatility and economic risks in the United States. They also fall when the Fed is highly hawkish. Bitcoin price double-top pattern formation Bitcoin chart by crypto.news Further, Bitcoin and other altcoins are in the red after the former formed a high-risk chart pattern, pointing to further downside. It has formed a double-top pattern at $108,445, and its neckline is at $88,940. A double-top is one of the most popular bearish patterns in the market. Bitcoin has also formed a bearish divergence chart pattern as the Percentage Price Oscillator and the Relative Strength Index have continued falling. The PPO indicator is derived from the MACD, one of the most popular divergence patterns in the market. Therefore, there is a risk that Bitcoin will drop to $88,940, especially if it loses the 50-day moving average support. As such, altcoins are falling as Bitcoin crash risks rise. Read more: Bitcoin crash may be ‘good,’ Rich Dad Poor Dad author Kiyosaki says: Trump tariffs put pressure on crypto

Most Read News



Cryptohopper
Market Cap
24h Vol
59.00%
Bitcoin Share
301
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.