Financial markets continued to fluctuate after the global stock market crash on Black Monday. Trump's new round of tariffs has triggered a surge in global risk aversion, with gold plummeting after a rebound and global capital markets in mourning. Today's tariffs have officially gone into effect, the global financial market has plummeted, and cryptocurrencies are still in the midst of an epic pullback, the biggest drop is Ethereum, which fell to January 2023 levels with no profit, and the price has not stopped falling, Trump has sold Ethereum again, Ethereum has been hit hard, the price has fallen from more than $4,000 above to 67% now, and other altcoins are even more chicken feathers, plus the current performance of crypto-related stocks is differentiated, most mining companies and platform stocks are under pressure, Some companies have risen against the trend due to listing expectations. Traditional stock markets have also shown an upward and downward trend, suggesting that risky assets as a whole are under pressure. In a complex international economic and trade environment, market participants should pay close attention to policy trends and changes in liquidity, rationally assess long-term trends in short-term fluctuations. The cryptocurrency market may need more time to digest external factors before it can form a new trending market.
================================== 💎 💎 ================================== Bitcoin, after two plummets in the morning that tested support, began a pullback, with the coin's price reaching a maximum of 77900 in the afternoon, after which it pulled back. Now let's look at Ethereum, which also started a pullback after reaching a minimum of 1406 during the day and is currently testing a maximum level of 1495, after which it pulled back. At this moment, judging by the short-term form, the bullish forces still have some strength for the pullback, but the trend change is not occurring quickly. The impact of customs policy has not yet fully vanished, although a short-term double bottom formation has appeared, initiating a pullback, but the larger trend is still in a bearish structure. In the evening, special attention should be paid to market sentiment in connection with the opening of American stocks; the short-term trend is still in a typical bearish channel, the pullback has already been challenged, and strong confirmed support has not yet appeared. Meanwhile, the moving average system and candlestick structure are forming double pressure, further complicating the rise; the mood remains negative in the evening.
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Financial markets continued to fluctuate after the global stock market crash on Black Monday. Trump's new round of tariffs has triggered a surge in global risk aversion, with gold plummeting after a rebound and global capital markets in mourning. Today's tariffs have officially gone into effect, the global financial market has plummeted, and cryptocurrencies are still in the midst of an epic pullback, the biggest drop is Ethereum, which fell to January 2023 levels with no profit, and the price has not stopped falling, Trump has sold Ethereum again, Ethereum has been hit hard, the price has fallen from more than $4,000 above to 67% now, and other altcoins are even more chicken feathers, plus the current performance of crypto-related stocks is differentiated, most mining companies and platform stocks are under pressure, Some companies have risen against the trend due to listing expectations. Traditional stock markets have also shown an upward and downward trend, suggesting that risky assets as a whole are under pressure. In a complex international economic and trade environment, market participants should pay close attention to policy trends and changes in liquidity, rationally assess long-term trends in short-term fluctuations. The cryptocurrency market may need more time to digest external factors before it can form a new trending market.
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Bitcoin, after two plummets in the morning that tested support, began a pullback, with the coin's price reaching a maximum of 77900 in the afternoon, after which it pulled back. Now let's look at Ethereum, which also started a pullback after reaching a minimum of 1406 during the day and is currently testing a maximum level of 1495, after which it pulled back. At this moment, judging by the short-term form, the bullish forces still have some strength for the pullback, but the trend change is not occurring quickly. The impact of customs policy has not yet fully vanished, although a short-term double bottom formation has appeared, initiating a pullback, but the larger trend is still in a bearish structure. In the evening, special attention should be paid to market sentiment in connection with the opening of American stocks; the short-term trend is still in a typical bearish channel, the pullback has already been challenged, and strong confirmed support has not yet appeared. Meanwhile, the moving average system and candlestick structure are forming double pressure, further complicating the rise; the mood remains negative in the evening.