Crypto Market Pullback: Is the Bull Run Over?
#bitcoin and major altcoins fell sharply on Friday. Bitcoin dropped to $107,300, and #Ethereum declined over 8% from its weekly high. The total altcoin market cap fell from $1.28T to $1.19T.
The dip coincides with a broader market sell-off triggered by President Trump’s threat of a 50% tariff on EU goods, escalating trade tensions. Europe may retaliate, with Ryanair hinting it could cancel a $33B Boeing order.
Despite the drop, analysts say this isn’t the end of the bull run:
1. Tariffs likely a negotiation tactic, similar to Trump’s approach with China.
2. Bitcoin is acting as a safe haven, attracting institutional inflows and limited supply.
3. Corrections are normal—Bitcoin dropped and rebounded several times over the past year.
Meanwhile, Hyperliquid’s HYPE token surged to $37, up 285% since April, driven by record trading volumes and network fees. Analysts see potential for a further rise to $47.
