The major cryptocurrencies currently show a negative trend.
Dogecoin is the biggest loser, while BTC, XRP, and ETH have also experienced notable declines.
Trump's criticisms of China and the increasing likelihood of no interest rate cuts contribute to the market crash.
The cryptocurrency market is currently facing a significant correction, with major tokens like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and XRP experiencing notable declines. The recent drop in cryptocurrency prices has left investors and analysts wondering what is behind the market's downturn.
In particular, today's drop in cryptocurrency prices could be attributed to two main factors:
- Recent criticisms from President Donald Trump towards China on Truth Social, accusing them of violating their trade agreement with the U.S.,
- And the increasing likelihood that the Federal Reserve will not cut interest rates.
