The cryptocurrency market has been experiencing significant volatility recently, affected by US President Donald Trump’s announcement of new tariffs on imports from Canada, Mexico, and China. The announcement led to a massive sell-off, sending Bitcoin down 7.5% to $91,969, while Ethereum fell 20.1% to $2,510. Coins like XRP and Dogecoin were the most affected, falling 28.2% and 26.9%, respectively.
Despite these volatility, investors continue to show strong interest in cryptocurrencies, with digital asset investment products recording inflows of over $1,000 million over the past week. Bitcoin led these inflows, indicating continued confidence in the digital asset.
Looking ahead, analysts expect the cryptocurrency market to continue growing in 2025, with increased adoption by major financial institutions, the issuance of more stablecoins, and the expansion of the token range. Bitcoin is expected to reach $130,000, with other coins such as Ethereum, Sui, Aptos, and Solana emerging as assets with high growth potential.
However, investors should be aware of potential risks, including inflation, increased debt, and concentration of investments in certain digital assets, which can lead to sharp price fluctuations. Therefore, it is always advisable to conduct the necessary research and assess the risks before making investment decisions in this dynamic market.
