$BTC $BTC

$BTC The recent cryptocurrency market downturn has seen Dogecoin (DOGE), Cardano's ADA, and XRP plummeting over 7% in value. This significant drop is attributed to the broader crypto market selloff, triggered by fears of a renewed Trump tariff war with the European Union.

*Key Factors Contributing to the Decline:*

- *Bitcoin's Price Drop*: Bitcoin's value fell from $111,200 to around $107,000, contributing to the overall market decline.

- *Macroeconomic Concerns*: Rising US Treasury yields and global economic uncertainty have weighed heavily on the market.

- *Liquidations*: Over $600 million in crypto market liquidations were recorded in the last 24 hours, with $500 million in long liquidations.[¹](https://www.coinspeaker.com/crypto-bloodbath-altcoins-lead-selloff-with-xrp-sol-doge-falling-5-7/)

*Market Outlook:*

Some experts predict a potential rebound, citing bullish drivers like ETF inflows and stablecoin legislation progress. Former BitMEX CEO Arthur Hayes anticipates a significant altcoin season this summer, with Ethereum poised to outperform Solana.

*Current Prices:*

- Dogecoin (DOGE) is currently trading at $0.2280, with a 1.90% increase in the last 24 hours.

- XRP and ADA prices are not up-to-date, but both have seen significant price drops in recent days.[²](https://www.marketbeat.com/cryptocurrencies/dogecoin/)