U.S. stock futures fell sharply and cryptocurrencies began buying up en masse after U.S. President Donald Trump announced tariffs on Friday. Dow index futures fell 1. Cryptocurrencies
Bitcoin and #Ethereum fell 5% and 10%, respectively, while Dogecoin and XRP fell 19%.
the 24/7 cryptocurrency market is an early indicator of overall market sentiment. indicator of overall market sentiment. indicator of overall market conditions. Falling futures markets and #cryptocurrencies suggest traders expect major disruptions when U. S. markets open on Monday.
amid concerns that President Donald Trump's tariffs on major trading partners will lead to a trade war and negatively impact risk assets, the most Some of the most expensive cryptocurrencies have fallen in price by more than 10% over the past day. #Bitcoin , currently trading at $96,879, has fallen more than 5% in one day and 8% in the last week, but all other coins in the top 10, with the exception of dollar-linked stablecoins, have fallen more sharply. For example, Ethereum fell 10% to $2,940 and XRP fell 15% in the last day to $BTC The turmoil comes ahead of a key week when more than 120 companies in the S&P 500 will announce their earnings. Market participants warn that lingering trade tensions could have a serious impact on corporate earnings and growth expectations for next year.
There's always more volatility at the beginning of the week, Trump says he's trying to stop the flow of fentanyl from Mexico and Canada.
Ryan McMillin, chief investment officer of cryptocurrency fund Merkle Tree Capital, told Decrypt
In the short term, the bottom has already been reached. Market makers took advantage of the interest rate news to cut costs, and now we have little liquidity to push prices down, McMillin said.
According to CoinGlass, cryptocurrencies have lost more than $1 billion in liquidity in the past 24 hours because of the announcement. The loss.
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