The situation is not very optimistic.

The main reasons for this decline:

New US trade tariffs: President Donald Trump announced the introduction of significant tariffs on imports from Mexico, Canada and China, which raised fears of a global trade war. This led to a decrease in investor appetite for risk assets, including cryptocurrencies.

Falling stock markets: US stock indices such as the Nasdaq and the S&P 500 suffered significant losses, which negatively affected the cryptocurrency market due to the high correlation between these markets.