💥Bitcoin, Solana and XRP Experience 20% Earthquake: Ackman Calls for "Tariff Brake" from Trump!
The impact of increasing trade tensions in global financial markets has led to sharp sell-offs in crypto assets. Leading digital assets, especially Bitcoin, have experienced significant losses in the last 24 hours.
While the BTC price dipped below $75,000, popular altcoins like Solana (SOL), Ripple (XRP), and Dogecoin (DOGE) lost about 20% in value.
This sudden decline has caused a drop below critical technical support levels, raising market concerns that deeper declines may occur in the short term.
XRP Fell Below the 200-Day Moving Average: Bear Signals Strengthening in Crypto
XRP has dipped below the 200-day moving average, which investors see as crucial for determining trend reversals, trading at the $1.70 level. This technical breakdown indicates that bearish signals are strengthening in the market.
Solana (SOL) has fallen below the $100 level, breaking its 50-day average. The token has lost 64% in value since its peak.
Among meme tokens, Dogecoin (DOGE) has also dropped to $0.13, taking its share of the decline.
Analysts attribute these sharp sell-offs to increasing macroeconomic uncertainties, forced liquidations, and investor concerns stemming from aggressive trade moves by the Trump administration.
