Crypto Market Faces Dismal Days Despite Holiday Cheer

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Coin-Turk 8 months ago 218

Today marks the first day of the holiday, yet cryptocurrencies continue to face declines. The anticipated weekend drop arrived, catching no one by surprise. In Friday’s assessment, it was noted that BTC ($87,862.00) and altcoins would likely move towards their support levels again. This expected scenario unfolded, with Bitcoin (BTC) $82,981 falling to $81,644.

Bitcoin (BTC) During the Holiday

Since 2022, holidays have not been favorable for cryptocurrencies. Following the latest PCE data, concerns over tariffs have intensified, leaving investors bracing for another wave of selling.

Anxiety over the global trade war, uncertainty regarding tariff sizes, and a diminishing appetite for risk in cryptocurrencies have pushed RSI levels to new lows. Investors hope for a recovery phase in the markets following the clarification of tariffs on April 2.

The key area of $89,000 remains significant on the daily chart. Despite numerous attempts, rejections have brought tests a...



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