Donald Trump caused the fall of major cryptocurrencies

On Sunday, March 30, the major cryptocurrencies showed a decline amid rising global economic tensions. Bitcoin BTC $83,561.58 Bitcoin -1.81% Market capitalization $1.66 trillion VOL. 24 hours $3.68 billion , Ethereum ETH $1,815.82 Bridged Ether (StarkGate) -3.60% Market capitalization $0.16 billion VOL. 24 hours $1.46 billion , and Dogecoin DOGE $0.16 Binance-Peg Dogecoin -5.09% Market capitalization $0.42 billion VOL. 24 hours $0.25 billion lost the most, while some lesser-known tokens, such as EOS and Toncoin, showed daily growth. Analysts attribute the drop in prices to expectations of Donald Trump’s so-called «Day of Liberation,» during which new trade tariffs are expected to be announced.

Bitcoin dropped to $ 81,421, losing 1.38% per day and more than 12% for the first quarter of the year. This is its worst quarterly performance since 2018. Ethereum sank to $ 1,782, losing almost 45% of its recent highs. Dogecoin fell even more — by 2.66% to 16 cents. The total cryptocurrency market capitalization amounted to $ 2.84 trillion, down 0.24% over the past 24 hours.

The key trend was the transition of experienced market participants from active selling to asset accumulation. According to the analytical company CryptoQuant, many traders have started to hold bitcoin for the long term. This may indicate an expectation of price growth in the medium term.

Investors' interest in bitcoin is also reflected in its dominance in the market, which reached 61.2%, the highest level in the last four years. At the same time, the volume of open positions is declining, and the number of bets on a price decline is growing. This indicates a weak speculative interest and cautiousness of traders.

Traditional financial indices are also falling amid the events in the crypto sector. On the eve of Trump’s introduction of new duties on cars, the Dow Jones, S&P 500, and Nasdaq indices closed in the red. Of particular concern are the 25% tariffs that may be imposed on foreign manufacturers, particularly from the EU and Canada.

An analyst at Rekt Capital drew attention to the so-called «gap» between trading sessions on bitcoin futures. He suggests that a new gap between $ 82,700 and $ 84,000 could determine the nearest support levels and become a point for possible growth next week.