Trump's Declaration Triggers 3.3% Bitcoin Drop, Ethereum Falls 6%

US President Donald Trump's recent declaration on Liberation Day has had a significant impact on the global market, causing a downturn that has affected both traditional and cryptocurrency markets. Bitcoin has corrected below the $80,000 level, while Ethereum is struggling to maintain its position above the $1,400 mark. Analysts predict that the situation may worsen before it improves, prompting investors to seek alternative cryptocurrencies to mitigate their losses.

Trump's announcement led to a swift decline in stock markets, with significant drops in indices such as the Dow Futures, S&P 500, and Nasdaq. Despite initial beliefs that stronger tariffs could weaken the fiat market and make cryptocurrencies more appealing, leading cryptocurrencies like Bitcoin and Ethereum experienced substantial sell-offs as investor fear took hold.

Bitcoin's price initially dipped to $75,000 before a brief relief rally, but it quickly fell back to the sub-$80,000 level. At the time of writing, Bitcoin was trading just above $76,000, having corrected by over 3.3% in the last 24 hours. The Relative Strength Index (RSI) for Bitcoin is around 35, indicating it is nearing the oversold zone but not enough to trigger a significant bounce. Additionally, the 50-day moving average has crossed below the 200-day moving average, forming a death cross, which suggests that Bitcoin could continue to decline before any recovery.

Ethereum has also experienced a major correction, currently trading above $1,400 after a 6% drop in the last 24 hours. Ethereum has been following a falling channel since December 2024, and its price has remained disconnected from Bitcoin's growth. The crucial support level for Ethereum is around $1,060, and if tested, it could lead to a bounce. However, the token's RSI flowing into the oversold territory is a possibility. Ethereum's crucial resistance levels are around $2,100, $2,800, and $3,700, which it may not reach anytime soon.

Despite technological upgrades within the Ethereum ecosystem, such as Vitalik Buterin's proposed 3-Prover Framework for instant finality and the upcoming Pectra upgrade, Ethereum's price has continued to decline. This situation has led investors to explore alternative cryptocurrencies, particularly those involved in Initial Coin Offerings (ICOs), as potentially better options until the market stabilizes.

In response to the market downturn, several cryptocurrencies have emerged as potential investment opportunities. BTC Bull is a meme coin project designed to leverage Bitcoin's growth and funnel it toward itself, creating value for seekers of cheap cryptocurrencies. The project aims to resist market fundamentals through its meme coin community, which ties token burns and Bitcoin airdrops to Bitcoin's growth. BTC Bull's stylistic appeal and long-term confidence in the face of short-term adversity make it stand out from other meme coins.

SUBBD is a new ecosystem for content creators powered by its namesake token. It aims to give creators the freedom to use automated tools for administrative tasks and access a larger share of revenue. SUBBD offers AI tools for administrative tasks and special AI influencer tools for developing robust AI influencers with unique traits to engage with fans. Fans of these creators will have access to staking perks and exclusive content. With over 2,000 top-earning creators potentially joining the project, SUBBD has the momentum to explode in the cryptocurrency market.

Best Wallet Token is a cryptocurrency wallet powered by its namesake token, offering enhanced facilities for storing, swapping, buying, and selling cryptocurrencies using fiat. The token also provides staking perks for passive income and a unique "upcoming tokens" utility that allows investors to participate in ICOs of upcoming projects before they are made public. Best Wallet Token is available on presale and has raised over $11 million so far, positioning it as a potential leading project in the future.

While Trump's tariff measures continue to impact the market, there is hope that dialogue among the US and other countries could lead to stable market conditions. Until then, investors are advised to explore alternative cryptocurrencies, particularly those involved in ICOs, to find the best opportunities in the current bearish market.