Bitcoin Price Plummets to $82K in Reaction to Trump Tariffs
The cryptocurrency market experienced a significant downturn, with the total market capitalization dropping to $2.74 trillion. Bitcoin's price fell over 6% from a high of $87,790 to a low of $82,277 before recovering slightly to around $83,400. This drop was triggered by US President Donald Trump's announcement of new trade tariffs impacting 185 countries. These tariffs include a universal 10% tariff on all countries, with higher rates for specific nations like China (34%), Vietnam (46%), the European Union (20%), and Japan (24%). The announcement led to a $2 trillion drop in S&P 500 futures market cap and economists warn of potential global recession. Altcoins also suffered, with Ethereum dipping below $1,800, XRP falling to $2, Binance Coin dropping below $600, and Solana sliding below $120. Around $150 billion left spot markets while almost 170,000 traders were liquidated, with total liquidations exceeding $500 million.
XRP Nears Topping Pattern That Could Lead to a Downtrend, Establishing $1.07 as Support: Technical Analysis
XRP is approaching a potential topping pattern, specifically a head-and-shoulders pattern, which could signal a downtrend if it breaks below the $1.90-$2 support range. A drop below this level could lead to a price decline towards $1.07. Conversely, for XRP to maintain its bullish momentum, it needs to surpass $3, the lower high from early March.
Analyst Forecasts 250% Dogecoin Price Rally If This Level Holds
A crypto analyst, Ali Martinez, has predicted that Dogecoin could potentially rally by 250% to $0.57 if it maintains support above $0.16. However, failure to hold this level could lead to a drop to $0.06. Dogecoin is currently trading around $0.1662, down slightly for the day. The analyst also noted key resistance levels at $0.18 and $0.21 that need to be broken for the rally to occur. Data indicates a slight decrease in investor interest, with futures open interest down 3% to $1.56 billion, while derivatives volume increased by 40% to $5.24 billion. Despite this mixed data, broader market sentiments for Dogecoin remain bullish.
Hamster Kombat GameDev Cipher Code And Combo Card For April 2 and 3
Hamster Kombat, a Telegram-based clicker game launched in March 2024, has gained popularity in the crypto gaming space, attracting over 200 million players and reaching nearly 300 million players before its planned TON token launch in September. The game offers opportunities to earn crypto through mining, completing tasks, and achieving milestones. Daily Cipher Codes and Daily Combo Cards provide additional rewards for players. The Cipher code for April 2nd and 3rd is FOOL: F ( ) O (- -) O (- -) L ( ).
Why Crypto Market Is Down Today? Expert Insights on Market Volatility
The cryptocurrency market experienced a downturn, decreasing by 2% to a total market capitalization of $2.68 trillion. This drop resulted in the liquidation of $490 million from over 160,000 traders. The decline is attributed to several factors including new tariffs imposed by the U.S. which triggered fears of increased inflation and a significant selloff in the stock market where the S&P 500 futures erased around $2 trillion of market cap in 15 minutes. Bitcoin's price also played a role due to technical patterns indicating an imminent correction after it failed to sustain levels above $87,000.
2 Macroeconomic Events to Watch as Bitcoin Price Holds $82K After Trumps Liberation Day
Bitcoin's price remained around $82,000 despite a market downturn following President Trump's announcement of reciprocal tariffs, which caused significant liquidations in both the US stock and crypto markets. Investors are now closely watching two upcoming macroeconomic events this week that could further impact Bitcoin's price: the Nonfarm Payrolls (NFP) report and a speech by Federal Reserve Chair Jerome Powell. The NFP data is expected to be lower than the previous report, potentially putting pressure on the Federal Reserve. Experts suggest that Bitcoin needs to hold above $76,500 to remain stable, and a drop to around $76,000 could present a buying opportunity. Alternatively, if Bitcoin doesn't fall, it could rise towards $91,000, which could be an opportunity to sell. The overall outlook remains uncertain due to current market conditions and the potential influence of these upcoming events.
DOGEs Breakout Watch: $0.18 and $0.21 Resistance Key to Rally
Dogecoin is showing potential for a price increase, but it needs to overcome resistance at $0.18 and $0.21 to trigger a significant rally. These price points represent areas where many investors previously bought DOGE, and a breakthrough could lead to a surge in buying. Data indicates a large amount of DOGE was purchased around $0.07, with additional clusters at $0.17 and $0.20. One analyst points out a J-shaped pattern on the monthly chart, similar to one seen before a major price surge in 2017, suggesting a possible future target of $5.
Justin Sun steps in amid TUSD reserve crisis as FDT denies bankruptcy claims
TrueUSD (TUSD) faced a $456 million reserve issue, traced back to its reserves being invested in illiquid assets by First Digital Trust (FDT). Justin Sun stepped in to provide funding to stabilize TUSD. Following this, Sun publicly accused FDT of insolvency, claiming they couldn't redeem $501 million in TUSD reserves. This led to FDUSD, a stablecoin issued by FDT, temporarily dropping 12% from its $1 peg. Wintermute, a trading firm, then withdrew a large amount of FDUSD from Binance. FDT denies Sun's insolvency claims, calling it a smear campaign and stating that FDUSD is fully backed by US Treasury bills and threatening legal action.
Cardano (ADA) Downtrend DeepensIs a Rebound Possible?
Cardano (ADA) is currently experiencing a downtrend, struggling to maintain gains above the $0.68 mark. It failed to overcome the $0.70 resistance and is now trading below $0.68, with a risk of further losses. There's immediate resistance around $0.6720 and $0.70. A successful climb above $0.70 could trigger a rally toward $0.7420 and potentially $0.7650. However, if ADA fails to surpass $0.6720, it could decline further, with support levels at $0.6420 and $0.6350. A break below $0.6350 could lead to a drop towards $0.620 and then $0.60. Technical indicators show the MACD losing momentum in the bearish zone and the RSI below 50.
Pi Network News: Why Binance Keeps Ignoring Pi & Whats Next for Investors?
Pi Network's supporters are disappointed because Binance, a large cryptocurrency exchange, has chosen not to list the Pi token for the second time. This decision has caused the price of Pi to fall to $0.7012, its lowest in over a month, representing a 76% decrease from its all-time high and a market capitalization drop from nearly $20 billion to $4.76 billion. Binance's reason for not listing Pi is that the exchange's listing program is only open to projects based on BNB, and the PiCoreTeam has been criticized for a lack of transparency, specifically about how Pi tokens are locked and burned. Although Pi Network was listed on the BTCC Exchange and its domain auction is popular with over 200,000 bids, the community is waiting for more transparency from the PiCoreTeam and a potential future listing on Binance. Currently, Pi struggles to stay above $0.6646.
XRP and ADA Leading a Potential Altcoin Relief Rally This Week? Analyzing Price Action
XRP's market value recently dipped below its 200-day moving average, a potential sign of a shift towards a bearish trend. XRP experienced a price drop in late March, closing lower on six of the last seven trading days of the month, falling from almost $2.50 to around $2.02. Despite this, XRP has shown some resilience, bouncing 7% from Monday's low and trading around $2.1062, remaining within its $2 to $3 range. Similarly, Cardano (ADA) has mirrored this pattern, dipping on Monday and then rallying almost 8% to near $0.6693. Coinbase has received approval to offer CFTC-regulated ADA futures, which may provide a short-term boost. Both XRP and ADA are being closely watched due to their potential connections to U.S. policy and their influence on the wider altcoin market.