Bitcoin and Altcoins Experience Sharp Declines Amid Tariff News
Bitcoin and altcoins are experiencing sharp declines in the face of bilateral tariffs announced by US President Donald Trump on April 2 Independence Day and China’s retaliation.
At this point, while the risk of decline due to tariffs continues for BTC and altcoins, cryptocurrency analysis company Santiment said in its latest post that investors showed great interest in Solana (SOL), Ethereum (ETH), Ripple USD (RLUSD), Tether (USDT), Cardano (ADA) and Binance Coin (BNB) on social media.
“Here are the top trending assets as cryptocurrencies shake on tariff news and show signs of recovery amid US stock markets being closed.”
Trending Assets
Solana (SOL): Solana is seeing increasing levels of price predictions, market trends, and technical analysis indicating significant interest and activity around it.
Ethereum (ETH): Ethereum is trending due to frequent mentions in analytics, price predictions, and technical reviews. Additionally, investors are discussing the transition to Ethereum 2.0 and its impact on scalability and adoption.
Ripple USD (RLUSD): Ripple’s newly launched stablecoin, which has been gaining significant traction, is trending due to its relationship with Ripple. It has integrated with Ripple’s payment systems, improving cross-border transactions and attracting institutional interest. The stablecoin has seen a surge in adoption and trading volume. News of the Kraken move has increased interest in RLUSD.
Tether (USDT): Trending due to frequent mentions on various platforms.
Cardano (ADA): It is trending because it is frequently mentioned in discussions around cryptocurrency prices and market analysis. It is discussed in relation to market trends and forecasts, with users speculating on future price movements and potential investments.
Binance Coin (BNB): There are predictions indicating potential price movements and trading ranges for BNB, making it a focal point for investors and traders in the cryptocurrency market.
*This is not investment advice.
