In the last 24 hours, cryptocurrency prices have declined across the board. Bitcoin fell by more than 2.2%, while the broader market, as measured by the CoinDesk 20 index, dropped 3.75%. This downturn coincides with a wider sell-off of risk assets, triggered by escalating U.S.-China trade tensions. The White House announced that China now faces up to a 245% tariff on imports and new restrictions on chip exports. Nasdaq 100 futures decreased by over 1%, and S&P 500 futures fell by 0.65%. Bitcoin slipped below its 200-day simple moving average on March 9, indicating the start of a bear market cycle. According to Coinbase Institutional, the bull cycle ended in late February, with subsequent activity considered neutral. Amid these developments, monthly stablecoin transfer volume on Solana reached a new all-time high of over $12 billion.
Ash Crypto
@Ashcryptoreal
·
Mar 3 Bitcoin erased most of the Trump
strategic reserve pump.We got fucking scammed again.Bull market is cancelled.
Lark Davis
@TheCryptoLark
·
Jan 27 Bitcoin has just dropped to the 50 day EMA and downtrend line. Would be a nice place for a bounce, but AI sell off fears are very high so…
CW
@CW8900
·
Apr 13 Even with all the US tariff announcements and China’s retaliation, $BTC price volatility has been so far lower than that from other episodes like the COVID crash, Terra-Luna/FTX collapse and the SVB bank run.In the recent decline, the selling came from retail investors, and
Sina 21st Capital
@Sina_21st
·
Mar 15 Bad traders do this all the time:– price bounced back 3 times after a 5% drop, so this a rule now. Opens trades based on it => REKT– altseason happened two times after bitcoin rallied so it is a rule now => REKT– last two cycles, bitcoin started the bull run 166 days after
Northstar
@NorthstarCharts
·
Feb 26 This is the level that Bitcoin MUST hold to avoid disaster, end of bull run, a drop of over 75% and broken Bitcoin models.
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