CRYPTO JUST COLLAPSED! TRUMP EMERGENCY TARIFF MEETING TODAY! (WHAT YOU NEED TO KNOW NOW)

My Financial Friend

Market Update

  • Trump is discussing tariffs with Canada and Mexico, which may impact the economy and inflation.
  • Crypto market experienced a significant drop, with $2.29 billion in liquidations in the last 24 hours.
  • Bitcoin dominance spiked to 64.3%, and Ethereum fell 37% in 60 hours.

Crypto Market Analysis

  • The market broke through several supports, leading to major capitulation candles.
  • Altcoins were hit harder than Bitcoin, with XRP, Solana, and Ethereum experiencing significant losses.
  • The market may be undervalued by 10% according to logarithmic regression.

Risk Indicators

  • Crypto risk indicators are below 0.5, indicating a risk-off sentiment.
  • Price metrics, on-chain metrics, and social metrics are all below 0.5.

Outlook

  • The market may be an opportunity for those with a long-term mindset to dollar cost average or go long.
  • There is still uncertainty ahead, but pro-crypto politicians and potential catalysts like quantitative easing and nation states buying Bitcoin may drive the market up.
  • Altcoins may also see a run-up if Bitcoin gains traction.