Crypto markets are grappling with significant volatility

Crypto markets are grappling with significant volatility as risk off sentiment prevails in response to President Donald Trump's latest move to impose tariffs.
Simon Peters, a crypto analyst at eToro, noted today that the markets are reacting negatively to Trump’s decision over the weekend to implement a 25% tariff on imports from hashtag#Mexico and hashtag#Canada, alongside a 10% levy on Chinese goods.

Since the weekend, the total crypto market capitalization has seen a sharp decline of $650.
billion at its lowest point. Bitcoin, however, has shown some resilience, down 7% and currently
trading at $95,300 after testing a support level of $92,000. In contrast, altcoins have suffered.
more substantial losses, with hashtag#Ethereum dropping 35%, Solana 25%, and XRP down 40% since
Saturday.

"While the crypto market is experiencing turbulence, long-term investors may view this as a
Strategic moment to buy the dip,"; said Simon Peters. "Although altcoins have been hit hard, the
fundamentals of the crypto space remain robust, and this dip could present an attractive entry
point for savvy investors."

In addition to the tariffs, markets will be closely watching Friday’s non-farm payroll data and
the US unemployment rate. Last week, Federal Reserve Chairman Jerome Powell reiterated
that the central bank is in no hurry to adjust its policy stance, particularly as the US hashtag#economy
remains strong. This strength in the labor market could delay any potential rate cuts until later.
in the year or even into 2026.
However, with President hashtag#Trump now back in office and pushing for immediate rate cuts, the
The direction of US interest rates remains uncertain. "It will be fascinating to see which side
concedes first—the Federal Reserve or the Trump administration—and how risk assets like
Crypto will respond to these shifting dynamics," added Peters.