Crypto Chaos: Will Tariffs Sink BTC, ETH, and XRP or Make Them Swim? 🤔💸

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In the great theater of the crypto market, the players are restless this week, caught in the throes of a tariff tantrum that echoes through the land of the free and the home of the brave. Bitcoin (BTC), that once-mighty titan, now languishes below the $85,000 mark, while Ethereum (ETH) and Ripple (XRP) find themselves trapped in a bear market that feels more like a bear hug—uncomfortable and unyielding. The crypto fear and greed index has plummeted below 20, a number that might as well be the score of a bad game of poker. So, what’s next for our beleaguered heroes, BTC, ETH, and XRP, as the tariff storm brews ahead of the FOMC decision? 🍃

Crypto Market Drops as the Tariff Tantrum Continues Ahead of FOMC

Ah, the financial market—a fickle mistress driven by the twin demons of fear and greed. It’s a place where tantrums reign supreme, especially when the specter of key events looms large. Remember the taper tantrum of 2013? That was a real doozy when the Fed decided to pull the rug out from under the quantitative easing program. 

Now, we find ourselves in the midst of a tariff tantrum, courtesy of our dear friend Donald Trump, who decided that import tariffs were the way to go. The fear is palpable, as whispers of recession swirl around like autumn leaves in a brisk wind. Companies like PIMCO, Goldman Sachs, and JPMorgan are wringing their hands, raising their tariff odds like a poker player bluffing at the table. 🎭

But let’s not forget, a recession might just be the silver lining for BTC, ETH, XRP, and their risky asset buddies. After all, when the Fed slashes interest rates, these assets tend to thrive like weeds in a garden. 🌱

The FOMC is poised to drop some knowledge bombs about interest rates this year. If they signal more cuts, as the US bond yields suggest, it could be a boon for crypto prices. Fingers crossed, folks! 🤞

BTC, ETH, XRP Analysis Amid Tariff Concerns

As the tariff news continues to roll in like a freight train, Bitcoin and its cryptocurrency companions will react accordingly. So, what’s the next chapter in the saga of BTC, ETH, and XRP prices? 📉

BTC Price Technical Analysis

The daily chart reveals a tale of woe, as BTC formed a double-top pattern at $108,300, only to crash below the neckline at $89,000. It’s like watching a soap opera where the hero falls from grace. A death cross has emerged, as the 200-day and 50-day weighted moving averages have flipped like pancakes on a Sunday morning. 🥞

Bitcoin has also dipped below the major S/R pivot point of the Murrey Math Lines tool. The Percentage Price Oscillator (PPO), a fancy cousin of the MACD indicator, has sunk below the zero line. 

Thus, it seems the price of Bitcoin is destined to continue its downward spiral, with sellers eyeing the key support at $73,630—the highest level from March last year. The bullish BTC forecast will be tossed out the window if the coin dares to rise above the key resistance at $89,000. 🚪

ETH Price Technical Analysis

Ethereum, too, has been on a downward trajectory this week, accelerating a trend that began months ago when it formed a triple-top pattern at $4,000. It has now dropped below the key support at $2,115, the neckline of this triple top. 

The Average Directional Index (ADX) has climbed to 40, indicating that momentum is still in play. This suggests that Ethereum’s price will likely continue to tumble, with the next point of interest being $1,500. A move above the resistance at $2,115 will send the bears packing. 🐻

XRP Price Technical Analysis

In a surprising twist, the price of Ripple has bounced back a bit

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2025-03-14 14:51