"XRP Slumps Amid Trump's Tariff Tide; Dogecoin's Breakout Bid Stalls; BlockDAG's Bonanza"

Generated by AI AgentCoin World
Friday, Feb 14, 2025 4:48 am ET1min read
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Crypto markets have witnessed a shift in dynamics, with some top-performing assets facing challenges. The XRP price has fallen, with traders expressing concern following former U.S. President Donald Trump's renewed tariff policies. The digital asset declined by 2.36% in the last 24 hours, trading at $2.43, as investors reacted to a 25% tariff on steel imports and additional levies on aluminum. This shift in trade policy has fueled risk-off sentiment, leading investors to pull capital from speculative assets, including cryptocurrencies.

Analysts are closely monitoring XRP's technical levels, with support at $2.25 being a key area to watch. If selling pressure persists, the XRP price fall could accelerate, potentially pushing the asset toward $2.00 and deepening market uncertainty.

In the meme coin sector, Dogecoin's price resistance at $0.2655 has hindered its recovery, despite attempts at a breakout. After a brief dip to $0.2388, DOGE regained momentum, breaking above a bearish trend line and surpassing the 100-hourly simple moving average. However, resistance at $0.260 and $0.2655 continues to limit upward movement. A decisive break above these levels could open the door to $0.2725, with further gains potentially pushing the price toward $0.300. If buyers fail to overcome Dogecoin price resistance, a decline toward $0.2520 or even $0.2380 could be possible, keeping traders cautious about the next price movement.

Meanwhile, BlockDAG (BDAG) has garnered significant attention, as buyers rush to secure its 350% bonus offer before it expires. The presale has already raised $195 million, with over 18.4 billion BDAG sold, signaling strong market confidence. Since batch 1, the coin's value has jumped 2380% from $0.001 to $0.0248, making it one of the fastest-growing crypto sales in the space. Every round sells out faster than the last, and analysts expect BDAG to break past its $600 million target soon. As a result, BDAG is frequently listed among the top crypto picks, with early buyers

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