The weekend wasn't kind to crypto holders. The markets turned sharply red as major altcoins like $Dogecoin ($DOGE ), Cardano’s $ADA, and $XRP plummeted more than 7%, marking a brutal end to what had been a bullish week. 🩸📉
🔍 What Happened?
After an exciting rally that pushed $BTC to a new all-time high of $111,200, sentiment flipped hard. A renewed tariff war scare—sparked by President Trump’s threat of a 50% levy on EU imports—shook markets. Within hours, Bitcoin fell to just over $107,000, dragging altcoins down with it.
💥 Market Overview:
Market cap slumped 5%
The CoinDesk 20 index dropped 2.2%
Ethereum ($ETH) failed to clear its 200-day MA near $2,650
Altcoins like $HYPE and $EIGEN, which recently saw double-digit gains, also cooled off
🧠 Expert Insight:
“Bitcoin reaching new highs often drags altcoins up,” said HashKey Group’s Haiyang Ru. “But if volatility returns, traders rotate to regulated #stablecoins. New US & Hong Kong frameworks make this shift easier.
📉 Why It Matters:
Despite the bullish backdrop of ETF inflows and new stablecoin regulations, the market remains fragile. Traders are locking in profits quickly, showing how fast sentiment can turn in a low-liquidity environment. If Btc fails to find new support soon, we could see deeper altcoin losses in the days ahead.
💬 Final Thought:
This weekend was a wake-up call. Even in a rally, crypto remains volatile and reactive. Buckle up — the road ahead could get bumpier.
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