Subscribe to our Telegram channel

Donald Trump has once again crashed the cryptocurrency market

12:16 pm, March 28, 2025

Amid new political statements by former U.S. President Donald Trump about 25 percent duties on imported cars, the crypto market is showing cautious dynamics. Bitcoin BTC $81,943.17 Bitcoin -1.17% Market capitalization $1.63 trillion VOL. 24 hours $0.89 billion and Ethereum ETH $1,801.07 Bridged Ether (StarkGate) -1.40% Market capitalization $0.16 billion VOL. 24 hours $0.63 billion remain almost unchanged in value, while Dogecoin DOGE $0.17 Binance-Peg Dogecoin -2.42% Market capitalization $0.42 billion VOL. 24 hours $0.11 billion has dropped by more than 3%. Investors are watching the developments, in part due to concerns about the possible impact of tariffs on the global economy and sentiment in financial markets.

Bitcoin fluctuated between $ 86,000 and $ 87,000, ending the day with a slight decline of 0.02%, with the current price of $ 87,151. During the week, it gained 3.3%, but showed the worst quarterly result since the pandemic — minus 6.7%. Ethereum has consolidated below the psychological limit of $ 2000 and lost 39% over the quarter. Dogecoin, which is traditionally sensitive to general market fluctuations, fell to $ 0.1893.

CryptoQuant’s analysis indicates that short-term investors — those who bought BTC over the past week — are currently in the black. Their average entry price is at $ 84,740, which, according to analysts, could become a support zone in the event of a further drop. If bitcoin manages to stay above this level, it will signal continued demand, otherwise the market may enter a correction phase.

The total volume of liquidations over the past day exceeded $ 113 million, with the bulk of them coming from long positions. At the same time, the indicator of open interest in bitcoin rose slightly, while Ethereum recorded a drop. This may indicate growing nervousness among market participants and a potential shift to a defensive strategy.

The Fear and Greed Index for the crypto market shows a predominance of «fear,» which correlates with the dynamics of traditional stock markets. The fall of the Dow Jones, S&P 500, and Nasdaq, as well as the slump in shares of American auto giants General Motors and Ford, illustrates broader investor concerns about the economic impact of tariff policy. In such an environment, cryptocurrencies remain sensitive to headlines that inject new waves of volatility into the market.

Subscribe to our Telegram channel

BTC

$81,943.17

-1.17%

ETH

$1,801.07

-1.40%

BNB

$601.72

-0.68%

XRP

$2.11

-1.63%

SOL

$124.84

0.30%

All courses
Subscribe to our
Telegram channel!
The latest news and reviews of the cryptocurrency markets of the last
day right in your messenger. We are waiting for you!
GO TO
Show more