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Crypto price drop: Bitcoin and Ether on the decline – hopes remain!
Crypto News: Bitcoin falls as positive market momentum emerges from Pakistan and BlackRock. Tariffs cause uncertainty.
Crypto price drop: Bitcoin and Ether on the decline – hopes remain!
The crypto markets are currently showing weakness, with Bitcoin and Ether in particular coming under pressure. Loud BTC Echo Bitcoin fell by almost 2% and Ether by almost 4%. Ethereum Layer2 projects such as Arbitrum (ARB) and Optimism (OP) were also unable to escape the downward trend and recorded declines of almost 14%. In addition, the five leading memecoins recorded a decline of between 7 and 12%.
The background to these market developments is considerable uncertainty caused by the chaos surrounding customs regulations in the USA. A US federal court recently reinstated tariffs imposed by Donald Trump. This came after the Trump administration appealed a previous ruling that overturned the tariffs. In this context, Greg Cipolaro, global head of research at NYDIG, noted that crypto markets are relatively stable compared to traditional financial markets, indicating decent market development, even in times of market panic.
Positive news could support the market
Despite the market's current weakness, there is reason for hope. Positive news could potentially have an impact on price development. Pakistan is planning to launch a Bitcoin reserve while BlackRock is considering a significant investment in the crypto sector. In addition, the ByBit platform has successfully received a MiCA license from the Austrian financial regulator. At a Bitcoin conference in Las Vegas, members of the Trump administration also emphasized their support for the crypto sector.
The expectation remains that this positive news and a possible expansion of the money supply could drive prices up again. Historically, crypto markets have often proven vulnerable to tensions during periods of broad risk offloading, however this has not happened so far, underlining the stability of the markets.
Market observations and risk management
While crypto markets continue to experience volatility, Bitcoin remains an attractive option for investors looking to diversify their asset portfolios. The price of Bitcoin is currently around $84,730, down 22.5% since its peak of over $108,000 in January. However, YouHodler's Ruslan Lienkha warned of a possible “death cross” in Bitcoin and the S&P 500, which is seen as a bearish signal for the medium-term development.
Overall, current developments show that the crypto market has a certain level of stability despite external challenges such as the Trump administration's customs regulations. This could encourage investors to consider Bitcoin and other digital assets as part of their risk mitigation strategy. However, it remains to be seen how the situation will develop and whether the positive news will actually lead to a price increase. The markets will continue to be closely monitored.