President Trump's team discusses “broader and higher tariffs” as #BTC , #ETH , and #xrp fall
Bitcoin falls again on Monday after falling 4.29% last week.
Ethereum falls below its daily support of $1,861, indicating more decline.
A pullback is imminent when XRP goes below its 100-day EMA.
Bitcoin (BTC) fell 4.29% last week and fell below $82,000 on Monday. Ethereum (ETH) and Ripple (XRP) fell 9.88% and 12.40%, respectively, after BTC.
The Wall Street Journal (WSJ) reported on Monday that President Trump's administration is mulling “broader and higher tariffs” before Wednesday's reciprocal tariffs deadline. Trump allegedly considers “an across-the-board hike of up to 20%.” According to a Kobeissi Letter on X post, tariff uncertainty continues beyond April 2.
Bitcoin breaks its bottom consolidation limit, showing weakness.
Bitcoin traded between $85,000 and $88,000 till Thursday after breaching and closing above the 200-day EMA on Sunday. BTC closed below its lower consolidation barrier on Friday and fell 5.53% till Sunday. As of Monday, it trades below $82,000.
BTC may correct to $78,258, its next support level.
BTC could extend the recovery to retest the psychological level of $90,000 and the March 2 high of $95,000 if it breaks and closes above the descending trendline (drawn by connecting multiple high levels since mid-January), which roughly coincides with the top boundary of the recent range.
Ethereum falls below its daily support at $1,861. Ethereum fell 9.88% below its daily support level of $1,861 last week. It was approximately $1,800 on Monday, the start of the week.
ETH may fall below $1,700, a psychological threshold, if it continues.
Alternatively, it might rebound to its broken daily support level of $1,861.
Close below 100-day EMA signals Ripple weakening. Last week, Ripple fell 12.40% below its 100-day EMA at $2.30. As of Monday, it trades about $2.11.
If it corrects, XRP may fall below $1.96, its next support level.
It may rebound to its broken 100-day EMA at $2.30 if it continues.