#TradingPsychology Impact on the cryptocurrency market:
Bitcoin (BTC): Following the announcement of tariffs, the price of Bitcoin fell below $77,000. This decrease is attributed to investors' risk aversion amid trade tensions.
Ethereum (ETH): Ethereum also experienced a significant drop, reaching its lowest level in two years. Additionally, transaction fees on the Ethereum network have decreased to historic lows, indicating lower activity on the network.
Altcoins: Other cryptocurrencies, such as XRP, have suffered sharp declines. XRP, for instance, fell to its lowest level in five months due to the economic uncertainty generated by tariff policies.
Expert outlook:
Analysts suggest that, although the current trade tensions are negatively impacting cryptocurrencies in the short term, they could strengthen in the long term if investors perceive them as a hedge against economic instability.
In summary, the recent tariff policies have generated volatility in the cryptocurrency market, affecting both prices and activity on blockchain networks.