Bitcoin And Altcoins Take The Hit From Trump’s Trade War
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This Week’s Summary
- The crypto market ends the week at a total market capitalization of $2.65 trillion.
- Bitcoin stagnates at around $83,000 after a highly volatile week.
- Ethereum is down by over 2% to trade at around $1,800.
- XRP is down by 3%, Solana by 5%, and Dogecoin by 4%.
- Almost all altcoins are trading in the red, with very few exceptions.
- The DeFi sector increased the total value of protocols (TVL) to around $95 billion.
Crypto Trends 31 Mar – 6 Apr 2025: Market Analysis and Performance
After an intense week in the global financial world, the crypto market is seeing red across the board. Bitcoin, the altcoins, and almost all other digital coins and currencies took a massive hit mid-week when US President Donald Trump announced new tariffs for countries worldwide. The news rippled through all financial markets, causing extreme volatility for stocks, cryptocurrencies, and the rest. Meanwhile, the market capitalization decreased by over $40 billion, reaching $2.65 trillion.
Bitcoin oscillated between $83,000 and $88,000 until Thursday. Then, it dropped to nearly $80K following the latest developments in the financial trade war started by the US. Many feared that the king of cryptocurrencies would drop even more. Fortunately, the bulls helped it maintain above the psychologically taunting $80,000 level. After seven intense days, Bitcoin rests at the same value as last Sunday but is facing intense FUD from investors.
Ethereum struggled to stay close to the $2,000 level and succeeded. The second crypto in command closes the week with only 2% less value than last week. Considering the massive volatility in the market, Ethereum fans can see this evolution as a win.
Altcoins & DeFi
Most altcoins are trading in the red, with almost no exceptions. For example, XRP is down by 3%, Solana by 5%, Cardano by 5%, BNB by 3%, Chainlink by 8%, Stellar by 7%, Toncoin by 14%, and Avalanche by 11%. TRON is among the few climbers this week, showcasing a 3% increase.
The memecoins are not faring any better, either. For instance, Dogecoin is down by 4%, Shiba Inu by 5%, and Pepecoin by 1%.
The Metaverse sector has also seen notable movements in the past week. For instance, Axie Infinity is down by 9%, Decentraland by 3%, Render by 15%, and Stacks by 3%. The Sandbox decreased by 6%, MultiversX by 15%, and Floki by 8%.
The DeFi sector increased the total value in locked protocols (TVL) by nearly $0.7 billion to reach $94.81 billion.
Crypto Market Analysis – What’s in the News?
- Metaplanet increased its Bitcoin holdings to 4,046 BTC following another massive purchase.
- Bitcoin, Ethereum, and other cryptocurrencies have reported one of their worst financial quarters in years.
Next Week’s Crypto Market Forecast
The crypto market has failed to recover from a two-month slump. However, it is hardly to blame for its recent value losses. The international financial stage has been taken over by an unprecedented financial war with no end in sight. In this difficult climate, it is impossible to say when the negative sentiment will be reversed.
More By This Author:
Bitcoin Down To $83,000 As The Market Takes A Dip
Ethereum Reclaims Realized Price – Bulls Face Strong Resistance At $2,300
Bitcoin Rally To $95K? Market Greed Suggests It’s Possible
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