Crypto Bloodbath! 😱Is This The End?!📉

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Right then, gather ’round, you lot! Seems the crypto market’s gone a bit pear-shaped, hasn’t it? More like a crypto catastrophe, if you ask me. 😅

  • Bitcoin‘s gone all bossy-boots, swaggering about with 63% dominance. It’s like that one bloke who hogs all the sausage rolls at a party, leaving none for the rest.
  • The fancy altcoins, bless their cotton socks, have tripped over some key supports. Apparently, this Trump fellow’s tariffs are to blame. As if we didn’t have enough to worry about! 🙄

Bitcoin [BTC], that old warhorse, has taken a tumble below $80k, landing squarely back in March territory at $76k. All thanks to these hotter-than-expected Trump tariffs, which have sent shivers down the spines of traditional markets, major altcoins, and even those memecoins – the ones that are mostly just a giggle anyway.

Amidst all this macro-uncertainty (sounds like a dodgy weather forecast, doesn’t it?), BTC’s dominance has surged. It’s like everyone’s running back to mum and dad, leaving the altcoins out in the cold. Will the big names like ETH, SOL, ADA, XRP, or even the memecoins manage a bit of a bounce? Only the market gods know, and they’re not telling. 🤫

ETH, XRP, ADA, XRP price analysis

Ethereum, poor thing, is being given a right seeing-to by the short-sellers. The RSI’s in oversold territory, which, in theory, could mean a reversal. But ETH’s got a serious case of the blues, and its ratio with Bitcoin is at a 5-year low. Ouch. 🤕

If the bulls can’t pull their fingers out and hold above $1.5k, ETH could be stuck between $1K and $1.5k for a while. Only a move above that 200WMA thingy at $2.4k could give the bulls a bit of backbone again. 🤔

Solana’s also lost its way, falling below that $120 mark. Short sellers are having a field day! It’s dipped to $100 for the first time since early 2024, racking up losses of 67% from its peak of $295. Blimey! 😫

If the general gloom persists, keep an eye on the $80-$120 range from early 2024 and that 200WMA doohickey at $94. They’re the levels to watch, apparently. 👀

Cardano [ADA] and XRP, surprisingly, have managed to cling onto some of their U.S election gains. Though, let’s be honest, they’re still teetering on the edge of losing them all. 😬

XRP’s still up 220% since the U.S elections. Not bad, eh? But it’s dropped below $1.9, which, according to some bloke called Peter Brandt, could mean a bearish head-shoulder pattern and a plunge to $1.0. The weak demand and muted volumes seem to back up Brandt’s gloomy prediction. 😟

Still, Brandt’s prediction might only come true if XRP short sellers manage to breach the trendline support or the bullish order block at $1.5. So, there’s still a chance… maybe. 🤞

Cardano’s seen a slowdown in capital inflows and demand since April, after a brief recovery in March. If the sellers break below the trendline support, a drop towards the pre-U.S election level below $0.40 might be on the cards. 😨

Most of the top majors’ RSIs are in the oversold zone, which could mean a reversal if something positive happens. But don’t hold your breath. 😶‍🌫️

Speculative interest in memecoins has taken a proper kicking. According to some data, Open Interest in the sector has dropped by 20% and is ranked 11th in the last 24 hours. Looks like the fun’s over, eh? 🥳 …or not. 😔

Investors should keep an eye on these Trump tariffs. They could mess with inflation, expectations of the Fed rate cut, and, well, pretty much everything else. It’s all a bit up in the air, isn’t it? 🤔

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2025-04-07 12:10