The cryptocurrency market has recently experienced significant volatility, primarily due to geopolitical events such as the imposition of new tariffs by the U.S. government on imports from Canada, Mexico, and China. This has led to substantial declines in major cryptocurrencies like Bitcoin and Ethereum.
As of now, Bitcoin is trading at approximately $101,755, reflecting a 3.67% increase from the previous close, with an intraday high of $101,755 and a low of $91,995. Ethereum is priced at around $2,767.88, marking a 6.36% decrease, with an intraday high of $2,982.26 and a low of $2,331.05.
Historically, the crypto market has demonstrated resilience, recovering from downturns and reaching new highs. Factors such as technological advancements, regulatory developments, and macroeconomic trends play crucial roles in influencing market recovery.
Given the inherent volatility of cryptocurrencies, predicting exact recovery timelines is challenging. Investors are advised to stay informed about market developments, assess their risk tolerance, and consider long-term perspectives when making investment decisions.