Why Bitcoin, ETH, and XRP Price Are Down?
The crypto market has yet again taken a major price drop over the past 24 hours. This has resulted in the market valuation plunging 4.37% from $2.77 Trillion to $2.67 Trillion with a trading volume of $137.24 billion. Following this, the largest cryptocurrency by market cap, Bitcoin price displayed a similar action by retesting its crucial support of $82,000.
Subsequently, the altcoin market which is led by Ethereum ($ETH) and Ripple ($XRP) has also witnessed a bearish outlook over the last 24 hours. With FOMO and FUD-like situations in the crypto space arising, marketers are speculating potential reasons for the recent price action.
While a set of people assume Trump’s tariff announcement to act as a catalyst in the global market dump,…
