Muhammad_Zayd

Bitcoin, the world's biggest cryptocurrency, hit a three-week low of $91,441.89 overnight and stood at $95,730.35 at 0941 GMT, down 6.2% on the day. Smaller cryptocurrency Ethereum has lost nearly 25% in value since Friday, marking its biggest three-day loss since November 2022. It last fetched $2,592.14.

Why is this happening?
Over the weekend, U.S. President Donald Trump imposed 25% tariffs on Mexican and most Canadian imports, and 10% on goods from China, starting on Tuesday.

Canada and Mexico, the top two U.S. trading partners, immediately vowed retaliatory measures, and China said it would challenge Trump's levies at the World Trade Organization.

Almost a quarter of the 100 largest cryptocurrencies have lost 20% or more in value over the last 24 hours, according to CoinGecko data.

Shares in U.S. crypto exchange Coinbase were down 5.5% in pre-market trading.

Trump's own cryptocurrency $TRUMP slid below $20, according to CoinGecko. Launched shortly before Trump's inauguration, the cryptocurrency had initially surged, reaching highs above $73 on Jan. 19.

What we've been seeing isn't so much that Ethereum is being uniquely hard-hit (most of the market is down similarly or worse) but rather that $BTC is holding up better than $ETH

Bitcoin briefly touched a record high of $107,071.86 on the morning of Jan. 20, when Trump was sworn in as the 47th U.S. President and is up 40% since the election in early November in the hopes of crypto-friendly regulations from the Trump administration.

There is added downward pressure on crypto after a strong rally in the wake of Trump's election, as some investors have felt disappointed at the lack of immediate moves to boost crypto or loosen regulations since he took office.

Trump's moves have fallen short of what people bullish on crypto were expecting, with some having hoped that the government would announce plans to buy bitcoin.

Maybe open a long position on Ethereum with low margin at your own risk but I wouldn't encourage this as financial advice DYOR

Who else got liquidated today because of shit candles. The shitiest of all of them on $ETH dumping to 2125 after $BTC only made a 10% drop to 92k. Hilarious how much Whales can manipulate a market so flawlessly but we still don't understand that they always win in this shit show.

Today's fun fact for you is that just 2 guys who settled a lawsuit from Facebook back in 2011 bought 0.21% of all Bitcoin, which is about 100k BTC and hoarded it. People will never realize how shitty and unregulated such a model is for any financial market let alone the second largest financial market in the world. They will tell you "Oh, its just a correction" , "Add more margin and dont FOMO", "Buy the dip, we make money when whales sell" all bullshit statements with no merit designed to capitalize on peoples emotions and trust for crypto.

Look of course the current market will recover back to 100k and beyond. It's the question of whether people still think an unregulated crypto environment should still be the answer to a large scale financial trading where people regularly invest their life savings only to lose everything. Large scale banks and corporations push for crypto deregulation they sell crypto and push the market when it opts for regulation only because it benefits them and they can't continue to manipulate the market anymore, but as it stands they can still keep getting away with doing this shit

And by the way if anyone says that I got liquidated because I was using high leverage, low margin, I am inexperienced or should do spot trading instead. I was using 5X leverage or 100$ margin on a single position on $ETH and I have more than 5 years of experience trading on Binance because as long as these conditions remain nobody can ever avoid losing money even the most experienced traders. As for doing spot trades they have a high risk low return unless you have $100k in margin you can't get any returns from spot and you can only go long on spot and have to have a major price movement only to recover the money you put in the trade.

#EOSProject
Another giveaway project on Binance. Am not so sure what this one does just seems to me like all the others. Meanwhile BTC has skyrocketed so thats good.

#NFPCryptoImpact
This new has scarred crypto for life it is a problem with my father and seeing him in which room we have the grandfather and I have been around the adidas sweatpants available on the second thought I dont care

#OnChainLendingSurge
Very bad news and attitude in this bear market. Never invest what you can't lose this is the first rule of trading in any financial markets all these people taking loans will inevitably liquidate and be lent in debt. I'm quite sure that this is not the end as $BTC has broken a lower resistance and it will dump 6k to 7k in the next day. Crypto exchanges like Binance are taking advantage of peoples desperation and in turn will leave them in debt. #debtbox

#ShareYourTrade
$ETH

This is just pure manipulation when the market started rising 4 days ago, I knew there was something wrong as there is volume in market to cause such a rise. As soon as BTC hit 102k sellers started selling who had survived before the market crashed on Dec 20th. And a few hours later look what has happened so many liquidations.
#CryptoMarketDip

$BTC

#BitwiseBitcoinETF
Coins are going sideways, why is this does anyone have an answer I don't know a single person who does its all bullshit