If you enjoy Qing Tian's content, follow, share, and like this article. You can also contact me privately for free position - management strategies and practical guidance on naked - K line trading. I'm a seasoned trader with "depth of thought, emotional warmth, and data - driven insights." WeChat: tian889902

Cryptocurrency Price Action Update

Bitcoin (BTC): Today's price is US$84,984.79, with a 24 - hour trading volume of US$29,584,715,510. The price has risen by 2.92% in the past 24 hours and dropped by - 3.04% over the past 7 days. The circulating supply is 19.85 million BTC, and Bitcoin's market cap is US$1,686,539,069,551.

Ethereum (ETH): Today's price is US$1,887.26, with a 24 - hour trading volume of US$14,480,166,255. The price has risen by 3.40% in the past 24 hours and dropped by - 8.84% over the past 7 days. The circulating supply is 120.66 million ETH, and Ethereum's market cap is US$227,689,787,759.

Ripple (XRP): Today's price is US$2.11, with a 24 - hour trading volume of US$3,598,730,684. The price has risen by 1.61% in the past 24 hours and dropped by - 14.03% over the past 7 days. The circulating supply is 58.21 billion XRP, and Ripple's market cap is US$122,816,163,715.

On April 2, 2025, the cryptocurrency market is filled with many concerns and panic. Even though Musk Coin surged by 500% within 24 hours, the uncertainty of Trump's tariff policy has also affected market sentiment, as his previous tariff - related comments had caused turmoil in the cryptocurrency market.

Trump is scheduled to announce tariffs on global trade partners at an event in the White House Rose Garden at 4 p.m. local time on April 2 (4 a.m. Beijing time on April 3).

Market Panic Leads to Selling: Tariff policies can escalate global trade tensions and exacerbate worries. In such a panic - stricken environment, there is often a reduction in the allocation of risky assets. As a high - risk asset, cryptocurrencies are frequently sold off in large quantities. For example, in February 2025, when Trump stated that he would impose tariffs on Canada and Mexico as scheduled, the cryptocurrency market plummeted sharply. Bitcoin once fell below $91,000, with a drop of over 5% within 24 hours. Ethereum, Solana, Dogecoin, Cardano, and others all fell by more than 10%.

Strong Dollar, Weak Crypto: Historically, the price movements of Bitcoin and many other crypto - assets have often moved in the opposite direction of the US dollar. If tariffs cause the dollar to strengthen in the short term (which sometimes happens), the prices of crypto - assets tend to fall.

Reduced Global Capital Flows: Trade restrictions can lead to a decrease in global economic activity and capital flows. When there is less money in the entire financial system, the demand for speculative investments like crypto - assets may also decline.

Why Are Altcoins Still Hitting New Lows?

Today, while browsing Twitter, I came across an interesting and widely - discussed question: The market was already tough during the pandemic, but the declines then were not as severe as they are now. Why are so many altcoins still hitting new lows?

Many people are curious about this, especially those who bought altcoins at the bottom after the crash in September last year. They are likely to have lost 30% - 70% of their investments. Everyone is wondering: If the market fully enters a bear phase next, will these altcoins experience another 90% plunge as they did after the last bull run?

Looking back at the pandemic, the US economy did experience a recession. However, it was the shortest - lived recession in US history, lasting only two months. The unemployment rate once soared to 14.7%, and in response to the crisis, the Federal Reserve launched a large - scale money - printing mode and promised to maintain zero interest rates until 2023. But by 2022, the Fed began to raise interest rates, and the market quickly entered a bear phase. In comparison, although the market seemed tough during the pandemic, the actual trading difficulty was not that high. However, now, even though the economy has not yet entered a recession, the trading difficulty has soared. If the economy or trading does enter a recession, the difficulty will likely increase further.

Even if the market rebounds in the next 2 - 4 months, I believe the performance of most altcoins will still be bleak. This requires identifying which altcoins have more potential for a rebound, which is why I have always advised everyone to switch positions in a timely manner. Currently, I have been gradually switching my holdings of altcoins. Considering that everyone's investment philosophy is different, I won't disclose the specific targets for switching. I mainly choose altcoins that have fallen significantly and have a chance of rebounding, as well as some mainstream altcoins with higher market caps. If you are unsure whether to switch the altcoins in your hand, feel free to contact me privately.

Take the sudden plunge of ACT, for example. It looks like it's about to go to zero, which is clearly a sign of the whales running away. For those altcoins with poor fundamentals, if you are unwilling to switch positions, be sure to set a stop - loss. At present, among the secondary altcoins with poor fundamentals, there is always a risk of a sharp plunge, which should not be underestimated.

If you enjoy Qing Tian's content, follow, share, and like this article. You can also contact me privately for free position - management strategies and practical guidance on naked - K line trading. I'm a seasoned trader with "depth of thought, emotional warmth, and data - driven insights." WeChat: tian889902

Cryptocurrency Price Action Update

Bitcoin (BTC): Today's price is US$84,984.79, with a 24 - hour trading volume of US$29,584,715,510. The price has risen by 2.92% in the past 24 hours and dropped by - 3.04% over the past 7 days. The circulating supply is 19.85 million BTC, and Bitcoin's market cap is US$1,686,539,069,551.

Ethereum (ETH): Today's price is US$1,887.26, with a 24 - hour trading volume of US$14,480,166,255. The price has risen by 3.40% in the past 24 hours and dropped by - 8.84% over the past 7 days. The circulating supply is 120.66 million ETH, and Ethereum's market cap is US$227,689,787,759.

Ripple (XRP): Today's price is US$2.11, with a 24 - hour trading volume of US$3,598,730,684. The price has risen by 1.61% in the past 24 hours and dropped by - 14.03% over the past 7 days. The circulating supply is 58.21 billion XRP, and Ripple's market cap is US$122,816,163,715.

On April 2, 2025, the cryptocurrency market is filled with many concerns and panic. Even though Musk Coin surged by 500% within 24 hours, the uncertainty of Trump's tariff policy has also affected market sentiment, as his previous tariff - related comments had caused turmoil in the cryptocurrency market.

Trump is scheduled to announce tariffs on global trade partners at an event in the White House Rose Garden at 4 p.m. local time on April 2 (4 a.m. Beijing time on April 3).

Market Panic Leads to Selling: Tariff policies can escalate global trade tensions and exacerbate worries. In such a panic - stricken environment, there is often a reduction in the allocation of risky assets. As a high - risk asset, cryptocurrencies are frequently sold off in large quantities. For example, in February 2025, when Trump stated that he would impose tariffs on Canada and Mexico as scheduled, the cryptocurrency market plummeted sharply. Bitcoin once fell below $91,000, with a drop of over 5% within 24 hours. Ethereum, Solana, Dogecoin, Cardano, and others all fell by more than 10%.

Strong Dollar, Weak Crypto: Historically, the price movements of Bitcoin and many other crypto - assets have often moved in the opposite direction of the US dollar. If tariffs cause the dollar to strengthen in the short term (which sometimes happens), the prices of crypto - assets tend to fall.

Reduced Global Capital Flows: Trade restrictions can lead to a decrease in global economic activity and capital flows. When there is less money in the entire financial system, the demand for speculative investments like crypto - assets may also decline.

Why Are Altcoins Still Hitting New Lows?

Today, while browsing Twitter, I came across an interesting and widely - discussed question: The market was already tough during the pandemic, but the declines then were not as severe as they are now. Why are so many altcoins still hitting new lows?

Many people are curious about this, especially those who bought altcoins at the bottom after the crash in September last year. They are likely to have lost 30% - 70% of their investments. Everyone is wondering: If the market fully enters a bear phase next, will these altcoins experience another 90% plunge as they did after the last bull run?

Looking back at the pandemic, the US economy did experience a recession. However, it was the shortest - lived recession in US history, lasting only two months. The unemployment rate once soared to 14.7%, and in response to the crisis, the Federal Reserve launched a large - scale money - printing mode and promised to maintain zero interest rates until 2023. But by 2022, the Fed began to raise interest rates, and the market quickly entered a bear phase. In comparison, although the market seemed tough during the pandemic, the actual trading difficulty was not that high. However, now, even though the economy has not yet entered a recession, the trading difficulty has soared. If the economy or trading does enter a recession, the difficulty will likely increase further.

Even if the market rebounds in the next 2 - 4 months, I believe the performance of most altcoins will still be bleak. This requires identifying which altcoins have more potential for a rebound, which is why I have always advised everyone to switch positions in a timely manner. Currently, I have been gradually switching my holdings of altcoins. Considering that everyone's investment philosophy is different, I won't disclose the specific targets for switching. I mainly choose altcoins that have fallen significantly and have a chance of rebounding, as well as some mainstream altcoins with higher market caps. If you are unsure whether to switch the altcoins in your hand, feel free to contact me privately.

Take the sudden plunge of ACT, for example. It looks like it's about to go to zero, which is clearly a sign of the whales running away. For those altcoins with poor fundamentals, if you are unwilling to switch positions, be sure to set a stop - loss. At present, among the secondary altcoins with poor fundamentals, there is always a risk of a sharp plunge, which should not be underestimated.