Bitcoin, Ethereum, XRP, Dogecoin Down Again As Tariff News Rattle Bullish Sentiment

Cryptocurrency markets are down on Thursday as a legal tussle over the tariffs imposed by President Donald Trump weighs on risk sentiment.

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 14%, with daily active addresses up by 13%.
• Coinglass data reports 97,984 traders were liquidated in the past 24 hours for $344 million.

Notable Developments:

• Michael Saylor Says Strategy’s ‘Anti-Fragile’ Structure Makes Trading Below Net Asset Value ‘Good For Me’
• Ethereum Becoming More Attractive For Institutional Investors, JPMorgan Analysts Say
• Court Ruling Limiting Trump’s Tariff Powers Sparks Hope For Risk Asset Revival, Including Bitcoin
• Bullion To Blockchain: Why Gen Z May Never Buy A Gold ETF

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Trader Notes: Altcoin Sherpa remains bullish, pointing out that Bitcoin has a lot of support waiting at the $104,000 level and is still in a “strong bullish trend.”

Credibull Crypto sees a “buying opportunity” before the start of a “parabolic” run, while ChimpZoo highlights a bullish divergence on the hourly chart that could bring temporary relief.

Evanss6 highlights the bearish market reaction to the initial court decision to pause tariffs, hinting at possible new tariff policies by the president that could unsettle markets.

Read Next:

• How Strategy’s 0.52 Bitcoin Correlation Drives Risk Asset Surge: Report

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