Why the price of bitcoin, XRP, Solana & Dogcoin decreases?

Another collapse occurred in the encryption market, with Bitcoin, XRP, Solana and Dogecoin declines that suffer from significant decreases. This development comes amid economic uncertainty and a declining feeling among investors.

Crossing market: Why do Bitcoin, XRP, Solana and Dogoin decrease

Coinmarketcap data He explains that the prices of bitcoin, XRP, Solana and Dogcoin are declining today amid the collapse of another encryption market. This development took place amid global economic uncertainty, especially with the lack of a looming tariff.

Although the United States, Mexico and Canada have agreed to a Stop On the definitions, there is still a place that Donald Trump and the United States laid on China’s imports. In revenge, China also imposed a tariff on American goods. Meanwhile, the country is also conducting an investigation to combat monopoly in Google.

Trump has also announced that he will provide a “mutual tariff” next week to address the unfair definitions imposed by other countries on American goods. Although he did not mention the states exactly, there is a belief that he probably refers to countries in the European Union.

This sparked a wave of sales in the encryption market, with these developments, which sparked uncertainty in the market. The encryption analyst Ali Martinez revealed in the X publication that $ 2.73 billion of bitcoin profits was achieved yesterday, which increased the pressure of sales in the market, a step that also contributed to the failure of the encryption market.

It was also imperative that XRP, Solana and Dogcoin would also be alongside the Bitcoin price, given the main Crypto effect on Altcoins. As a result of the collapse, the market witnessed more than $ 235 million in liquidation. Long positions got more than others, with a liquidation of $ 173 million.

The market is on pivotal levels

In the X Publication, Justin Bennett, the encryption analyst, stated that the encryption market is in pivotal levels. The analyst pointed out that Tether’s dominance has received its highest daily levels, which lasted 3 days, for 5 days since early November, and that a 4.4 % region has been working as support so far this week.

Bennett stated that he did not make any calls yet because it is very marginal, and the rest of Usdt.d. may fail. However, he added that this is something that should be familiar with and monitor this month.

Meanwhile, the analyst looks down on Bitcoin price The broader encryption market. However, he noticed that if Tether’s dominance within the range on high time frames returns, specifically to less than 4.37 %, the short -term climb will turn on BTC. Until then, he saw that caution is required.

The bull may not end

Amid the collapse of the encryption market, the stakeholders suggested in the encryption that the bull’s running has not yet ended. Cardano founder Charles Hoskinson recently confirmed The year 2025 is a year of encryption.

He alluded to how the market showed the strength of the liquidation it faced earlier this week. This is why Cardano founder is convinced that this bull run will be huge for the market.

From a technical perspective, encryption analysts also suggested that the price of bitcoin will continue to reach new levels. These analysts are also a thunderbolt on altcoins. Dark Defender recently expected that the price of XRP could rise to $ 8.

Ali Martinez stated that the price of Dogecoin can still reach $ 10 in this session as long as it exceeds $ 0.19. Meanwhile, the asset manager Vaneck expected that the price of Solaa would reach $ 250 before the end of the year.