Here’s why crypto market and gold prices diverged ahead of Liberation Day
The crypto market has come under pressure this month, continuing a downtrend that began in the fourth quarter of last year.
Bitcoin (BTC) dropped from an all-time high of $109,300 in January to $82,000, while Ethereum (ETH) has slumped from $4,100 in November to $1,800.
Other altcoins have retreated, with blue-chip names like Solana (SOL), Cardano (ADA), and Polkadot (DOT) falling by double digits from their highest levels in 2024.
Cryptocurrencies have largely moved in sync with the U.S. stock market, which has entered a correction. The tech-heavy Nasdaq 100 index fell by 350 points on Monday and has dropped to its lowest level since September.
Similarly, the Russell 2000, S&P 500, and the Dow Jones have all…
