Babar-Chaudhry

The crypto market has taken another hit in the past 24 hours — and it’s not just due to overall economic trends. Several specific events are behind this latest decline:

1. Ethereum ETF Decision Delayed
The U.S. SEC has postponed its decision on multiple spot Ethereum ETF applications. Many investors were expecting approvals soon, so the delay shook confidence — especially among big players hoping for more institutional involvement.
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2. Big Sellers (Whales) Cashing Out
Bitcoin couldn’t break past the $95,000 resistance level. That led to major holders (whales) selling off their positions for profit. This selling caused a wave of stop-loss triggers and over $500 million worth of long positions to get liquidated within 12 hours.

3. Lower Liquidity Before Fed Announcement
As the Federal Reserve prepares to announce its next interest rate decision, market makers are pulling back liquidity from riskier assets like crypto. With fewer buyers and sellers in the market, even small sell-offs are causing big price drops.

4. On-Chain Activity Slowing Down
Usage on blockchains like Ethereum and Solana has dipped, with fewer active addresses and lower fees being generated — showing a decline in actual demand and user activity.

Bottom Line:
With regulatory delays, technical resistance, and weak user activity, the market is on shaky ground. Until there’s more clarity from U.S. regulators and the Fed, we’re likely to see more ups and downs.

#CryptoNew #MarketUpdate $BTC #Ethereum #solana

The U.S. economy shrank by 0.3% in the first quarter of this year, according to a report released Wednesday by the Commerce Department. Former President Donald Trump responded by blaming President Biden for the slowdown—not his own tariffs.
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Trump took to social media, stating, "This dip has NOTHING TO DO WITH TARIFFS." He urged Americans to stay calm, saying the economy would "boom" once his trade policies are fully in motion. “When it starts, it’ll be like nothing we’ve ever seen. BE PATIENT!!!” he posted.

In a longer post on TruthSocial, Trump stressed that the current market is still under Biden’s influence. “This is Biden’s stock market, not mine,” he wrote. “I officially took over on January 20th. The real impact of tariffs is coming, and more companies are already shifting operations to the U.S. in record numbers. The boom is coming—we just need to shake off Biden’s economic drag.”

Today, Trump is expected to meet with CEOs from top companies like Nvidia and GE Aerospace. He’ll also lead a Cabinet meeting as part of his 100-day milestone in office.

Is the U.S. Headed for a Recession?

This economic drop marks the first contraction since early 2022, and it’s raising concerns. The sharp decline—from a 2.4% annual growth rate in Q4 last year to a 0.3% loss now—has economists on edge.
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Experts say the downturn was mainly caused by businesses rushing to import goods before Trump's planned tariff hikes took full effect. Even though those tariffs haven’t been fully implemented yet, this early dip suggests the economy was already slowing.

With two back-to-back quarters of negative growth typically signaling a recession, the U.S. is now dangerously close to that point. On top of that, consumer confidence dropped 32% in April—hitting its lowest level since 1990. Some economists now put the chance of a recession this year at nearly 50%.