Cryptocurrency Market Signals Potential Recovery for Altcoins

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Coin-Turk 10 months ago 185

The cryptocurrency markets have taken a significant hit, predominantly affecting altcoins, with Bitcoin’s 60-day losses nearing 70%. Many altcoins have normalized losses exceeding 50%, raising questions about the duration of this trend. Despite these fluctuations, Bitcoin $95,723 remains relatively high, indicating that the overall market trend has not yet turned bearish, and the expected upward phase for altcoins has not commenced. Insights from experts provide a clearer picture of the current scenario.

Indicators of Recovery

Trump announced that a major step regarding tariffs might be taken on April 2. Discussions will be held with all trade partners to normalize customs duties beneficial to the U.S. Otherwise, excess tariffs exceeding 25% will pose a significant threat. Regarding BRICS nations, Trump hinted at a 100% tariff threat, suggesting potential harm to the dollar.

On a more positive note, Trump has asserted that interest rates will definitely decrease. Although the Fed operates independently, if Trump claims that rates will dr...



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