The crypto market crash intensified today as global markets reacted sharply to fresh macro uncertainty. Bitcoin slipped below $66,000, Ethereum extended its decline below $1,900, and XRP rotated lower as traders reduced leveraged exposure.
The proposal also revives concerns around global trade stability. Trade friction can slow economic growth and reduce investor appetite for speculative exposure. Following the announcement, equity futures weakened and volatility indicators ticked higher. The crypto market reacted swiftly, with Bitcoin slipping below $65,000 and accelerating a broader liquidation wave. The selloff reflects macro repricing rather than a crypto-native breakdown.
XRP price crash has pushed price back toward the $1.30 demand zone, a level that previously supported short-term rebounds. Holding above $1.30 keeps the possibility of a recovery toward $1.45–$1.50 intact. A breakdown below that area would open the door toward $1.25, where the next liquidity cluster resides.
Market Outlook
The crypto market crash now hinges on whether Bitcoin stabilizes above $62,000–$64,000 and absorbs recent liquidation pressure. If BTC reclaims $66,000, short-term structure could shift back toward consolidation. However, sustained macro tension and weakness below key support levels may extend downside across ETH and XRP. For now, markets remain reactive to headlines, with volatility elevated and sentiment firmly in risk-off mode.
FAQs
The crypto market is falling after a proposed 15% U.S. tariff raised inflation fears, strengthening the dollar and triggering heavy liquidations in BTC, ETH, and XRP.
Tariffs can raise inflation and delay rate cuts, tightening liquidity. Risk assets like Bitcoin often drop as investors reduce exposure during macro uncertainty.
Bitcoin support sits near $64K, then $62K–$63K. Losing those levels could expose $60K, while reclaiming $66K may stabilize short-term momentum.
If Bitcoin holds $62K–$64K, this may remain a correction. Continued macro pressure and weak rebounds could extend downside risk.
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