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WHY IS CRYPTO MARKET DOWN TODAY?
MAJOR CRASH AHEAD!

The crypto market is experiencing a downturn today, primarily due to the recent tariffs imposed by Donald Trump on Canada, Mexico, and China. This move has sparked concerns about a potential trade war, leading to increased selling pressure and a decline in crypto prices .

Bitcoin, in particular, has fallen below the $100,000 mark, with a 2.22% drop in price. Altcoins like XRP and Dogecoin have also been affected, with price drops of 6.02% and 7.31%, respectively .

The trade war tensions have led to a rise in the US dollar index (DXY) and 10-year Treasury yields, which typically move inversely to Bitcoin's price. This has resulted in a combined crypto liquidation of over $700 million, with Bitcoin accounting for $57 million of that amount .

While some experts predict a temporary shake-up in the market, others believe that the trade war could trigger a major crash. However, it's essential to note that the crypto market is known for its volatility, and prices can fluctuate rapidly.

In the midst of this uncertainty, some analysts remain optimistic about Bitcoin's potential for growth. Sergei Gorev, Head of Risk at YouHodler, believes that Bitcoin could hit a new all-time high in February, citing historical trends and technical analysis .#cryptouniverseofficial

$XRP I just checked weekly charts whales that pump previously XRP price up have been selling past few weeks. They still have some of the bag left after today but it seems to me that 2-3 weeks that bag is totally empty and they need to buy again next slice of XRP pie and pump price up again and continue selling.

So we might see next leg up if XRP price recovers back to 3 usdt after few weeks.

This is my own speculation and I am not financial advisor ☺️

Update, $98,000 seems to be seriously tested, we started the month above $102,000, it's possible we'll close the week below $99,000, it's the weekend, I repeat, it's not a case of paranoia (only with Altcoins is the problem bigger), purchases are made when the market is red, when there's fear of feeling a breeze, the correction may continue for a short period. Be careful, it's not a Bear Market!