The prices of Ethereum and Solana collapsed on Monday morning while the new prices of President Trump launched a world market sale and pushed cryptographic liquidations exceeding $ 1.4 billion.
At the time of the press, the Ethereum price lost 16.4%, dribbling at $ 1,485 after having briefly affected its lowest price since October 2023 during the hours of Asian negotiations.
Meanwhile, the Solana price dropped by 15.4% during the day, diving as low as $ 96.70, before gaining ground at $ 101 at the time of the editorial staff, while Cardano Prize Hush from 15.2% to $ 0.5412.
The wide-based crypto market sale intensified in locking with the term markets, the S&P 500 contracts plunging 5.98% and the term contracts on the NASDAQ lowering 6.2% Sunday evening, during a swirling weekend which saw the stock markets respond by “circuit breaking” measures.
The fears of a world trade war have deepened following the declarations of the “liberation day” of Trump of a universal rate of 10% on almost all imports, with targeted penalties reaching 34% for China and 20% for the goods of the European Union.
Cryptographic markets “have been removed from a lively withdrawal” while Trump’s reciprocal prices sent countries “rushing to renegotiate commercial terms,” said Vincent Liu, director of investments at Kronos Research, said Decipher.
“Uncertainty has led Solana (soil) and Ethereum (ETH) in a high downward trend,” said Liu, adding that the price “feels the benefit, while traders unload the risk in the face of macro-macro tensions”.
All these factors have been “amplifying global economic tremors and weighing heavily on the feeling in the Altcoin space”, noted Liu.
On Myriad Markets, a chain prediction platform launched by Decipher The parent company Dastan, more than 61% of bettors see an American recession in the year. (Disclosure: Myriad is a prediction market and a commitment platform developed by Dastan, a parent company of an independent editorial decryptation.)
Trump movements “require interest rate reductions in the federal reserve” to meet future challenges, said Ryan Yoon, principal research analyst at Tiger Research, said Decipher.
While key inflation indicators such as IPC and IPP are released, the federal reserve “would probably have trouble implementing rate reductions in the near future,” said Yoon. This prospect “suggests a limited potential for improving short-term market,” he said.
Yoon highlights a critical moment on how pricing conflicts have extended previous tension points.
“While previous tariff conflicts mainly involved the United States and China, the current situation has spread to affect the world markets more widely,” said Yoon. Such a situation “requires special attention to negotiations and results” over a longer period.
But for the interval, the feeling of the cryptography market has deteriorated and rapid, with the broader class of investors questioned by the American Association of Individual Investors showing an unusually low “bullish” feeling while the lowering feelings extend to 61.9% – the highest third reading ever recorded.
Edited by Stacy Elliott.
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