The cryptocurrency market is facing severe downturns, with Ripple (XRP) below $2.00, Ethereum down nearly 13%, and Bitcoin showing resilience around $84,000. The backdrop includes trade tensions and significant liquidation of crypto assets. Investors are encouraged to conduct thorough research before investment decisions due to inherent risks in the market.

In the latest market analysis, Ripple (XRP) is experiencing a significant decline, continuing to fall below the critical threshold of $2.00 amid increasing tensions surrounding U.S. tariffs imposed by President Donald Trump. Currently, XRP is trading at $1.82, reflecting a loss of 10.7% within the last 24 hours and a total drop of 10% for the week.

Similarly, Ethereum is facing its own challenges, suffering a nearly 13% decline last week. The cryptocurrency struggled to maintain a daily close above the $1,861 level, ultimately retreating to the psychological threshold of $1,700, a point it had not encountered since October 2023. As per the latest figures, Ethereum is now positioned around $1,575.

In contrast, Bitcoin (BTC) has shown resilience despite the broader stock market slump, trading above $84,000 as of Friday. This upward movement occurs amidst President Trump’s confrontational stance with Federal Reserve Chairman Jerome Powell over interest rate policies, which is thought to potentially benefit Bitcoin amidst trade tensions.

Market conditions remain volatile, as reports indicate substantial liquidation of $1 billion in the cryptocurrency sphere, especially across Asian markets. Bitcoin, having fallen below $78,000, reflects the trend of declining crypto values, with XRP and Ethereum also reporting significant weekly losses of 10% and 13%, respectively.

Investors are strongly advised to conduct thorough research prior to engaging in cryptocurrency investments due to the inherent risks and uncertainties of the market. The information provided is not a recommendation for buying or selling these digital assets and may contain inaccuracies or reach delays. The author does not maintain a position in any stocks referenced in this analysis and bears no responsibility for other linked content.

In summary, the current state of the cryptocurrency market shows remarkable volatility, particularly for Ripple, Ethereum, and Bitcoin. Ripple’s ongoing decline indicates a significant correction, while Ethereum’s and Bitcoin’s performances highlight the broader challenges faced amid market uncertainties. Investors must proceed with caution and be informed about the risks of engaging in this volatile market.

Original Source: www.fxstreet.com

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