According to the Global Capital Markets analysis team, the Kobeissi Letter, Ethereum (ETH) has shed almost 50% of its value since the end-2024 bull market run that began when President Donald Trump won the US elections.
Ethereum is in freefall, plunging over 14% in 24 hours to $2,330. The sell-off has triggered $1.34 billion in crypto liquidations, with
Eric Trump backs the idea of buying the dip which aligned with '7 Siblings' who purchase ETH as price dropped to around $2400.
The crypto market is heating up as investors scramble to position themselves ahead of anticipated regulatory shifts under former President Donald Trump’s potential crypto-friendly policies. While Ethereum (ETH) and XRP show bullish signals,
The crypto market tumbled as Trump reaffirmed tariffs on Mexico and Canada, sparking investor anxiety, with Bitcoin slipping below $92,000.
Bitcoin's drop is part of a wider rout in which over $800 billion of nominal value "has been wiped off global cryptocurrency markets in recent weeks, as the enthusiasm that swept the crypto industry after Donald Trump's election victory last year ebbs away," the Financial Times wrote today.
Crypto prices today continue to encounter volatility due to a new macro development and liquidity issues, pulling BTC & ETH prices down.