Why Crypto Is Bleeding Today: Trump’s Tariffs Bite, Altseason Postponed :
The crypto market slid sharply as U.S. equities sank on President Trump’s surprise announcement of new reciprocal tariffs. $BTC Bitcoin dipped back toward key support, and $ETH Ethereum, $SOL Solana, and other tokens fell in step as investors fled risk assets amid heightened recession fears.
Key Drivers Behind Today’s Sell-Off :
Trump’s executive order imposing 10–50% duties on imports from Canada, Europe, and Asia has rattled markets and boosted dollar strength.
U.S. labor data came in softer than expected, and core inflation surprised to the upside, cutting odds of a near-term Fed rate cut.
Overextended long positions were liquidated during Asia hours, exacerbating the slide in Bitcoin and altcoins.
Why Altseason Hasn’t Arrived :
Bitcoin dominance remains near cycle highs, trapping capital in BTC and sidelining smaller tokens.
Record inflows into spot Bitcoin ETFs continue to absorb liquidity that might otherwise rotate into altcoins.
The broader altcoin sector has traded flat for months, with the Altseason Index still well below the 75 threshold.
What to Watch Next :
Jackson Hole remarks and upcoming Fed communications for clues on rate policy.
Technical reclaim of Bitcoin above $116,000 and a market-cap bounce above $3.7 trillion to revive bullish sentiment.
Any diplomatic progress or rollbacks on U.S. tariff plans.
Stay tuned for updates as macro twists and on-chain flows will dictate whether this downturn
deepens or sets the stage for a renewed rally.