📉 Market Volatility Amid Tariff Concerns
The cryptocurrency market experienced significant turbulence following new tariff threats from former President Donald Trump. Bitcoin (BTC) dropped from over $111,000 to approximately $108,000, leading to over $300 million in leveraged position liquidations. Altcoins like Ethereum and XRP also saw declines of 3–4%, with smaller tokens facing even steeper losses.
$⚖️ Legal Developments in Crypto
A judge vacated key fraud and manipulation convictions against Avraham Eisenberg, known for exploiting Mango Markets. This decision could influence future legal interpretations of DeFi activities and market manipulation.
🔐 High-Profile Criminal Case
Crypto entrepreneur John Woeltz was arrested and held without bail for allegedly kidnapping and torturing a former business partner in a SoHo apartment. The incident has raised concerns about security and ethics within the crypto industry.
💰 Ethereum Approaches $3,000
Ethereum (ETH) is nearing the $3,000 mark, driven by investor interest in ETH-based projects. Analysts are highlighting promising presale opportunities within the Ethereum ecosystem.
🪙 XRP Price Predictions
Analyst EGRAG Crypto has projected that XRP could reach $27, based on current market trends and breakout catalysts. This optimistic forecast is gaining attention among investors.