Crypto Market Plummets 3% in 24 Hours Amid Trade Tensions

The crypto market experienced a significant downturn, with a 3% drop in just 24 hours. This decline was driven by ongoing global trade tensions and a cooling momentum from previous rallies, which put pressure on major assets and altcoins alike. Bitcoin (BTC) slipped below the $84,000 mark, now trading at $83,100. While this dip is not massive, it is enough to shake confidence and hint at possible further downside. Ethereum (ETH) took a heavier blow, losing 4% and dropping under the $1,600 line to $1,580. This move erased some of ETH’s recent recovery and placed the coin back in bearish territory. Meanwhile, XRP also dropped by 4%, falling dangerously close to the $2 threshold again. After its recent rebound, XRP now risks a breakdown if market conditions worsen.

While the major cryptocurrencies struggled, some altcoins took a brutal beating. MANTRA (OM) led the collapse with an 80.19% crash in a single day, marking one of the most dramatic drops of the year so far. Movement (MOVE) followed with a 12.74% drop, Walrus (WAL) with an 11.59% drop, EOS with an 11.41% drop, and Ethena (ENA) with an 11.08% drop. These significant declines highlight the volatility and risk associated with altcoins, which can experience dramatic price swings in short periods.

The market correction could be temporary—or signal the start of a broader pullback. With Bitcoin, Ethereum, and XRP teetering on key support levels, the next 48 hours are crucial. If global trade conflicts continue and investor uncertainty grows, we might see further losses. On the other hand, any shift toward resolution or bullish momentum could trigger a quick bounce. The crypto market's reaction to these events will depend on how investors perceive the risks and opportunities in the current environment.