Ethereum, Solana, Cardano Plunge Double Digits as Crypto Market Rout Deepens

Ethereum and Solana prices collapsed on Monday morning, when the new tariff ravaged by President Trump sparked a global sale in the market and paid a $ 1.4 billion coding references.

At the time of the press, the ETHEREUM price decreased by 16.4 %, as it decreased to $ 1,485 after it was touched briefly since October 2023 during the Asian trading hours.

Meanwhile, the Solana price decreased by 15.4 % a day, as it decreased to 96.70 dollars, before getting the land to $ 101 at the time of writing this report, while Cardano price It decreased by 15.2 % to $ 0.5412.

The sale of the encryption market is widely intensified in Lockstep with future contracts markets, as the S&P 500 contracts decreased by 5.98 % and future NASDAQ, which decreased by 6.2 % on Sunday night, over the weekend that witnessed stock markets responding to the “circuit breaker” measures.

Fears of a global trade war deepened after “Tahrir Day” statements in Trump with a 10 % global tariff on almost all imports, with targeted sanctions reaching 34 % for China and 20 % for European Union commodities.

“A decline from a sharp decline” as the mutual tariff for Trump’s countries sent the countries. Decipher.

Liu explained: “The uncertainty has withdrawn Solana (SOL) and Ethereum (ETH) to a very declining downward trend,” adding that the smell of the price “emanates of the smell of profits, where traders empty risks in the face of escalating total tensions.”

Liu pointed out that all these factors were “exaggerating global economic tensions and heaviness on feelings across Altcoin.”

In Myriad Markets, a platform for the series that was launched by Decipher The mother company Dustin, more than 61 % of theubarine sees the stagnation of the United States during the year. (Disclosure: Myriad is a predictive market and sharing platform developed by DSTAN, the parent company of an independent editorial opening.)

Ryan Yun, chief research analyst at Tiger Research, said, said Decipher.

Since the main inflation indicators like CPI and PPI are launched, it is possible that the Federal Reserve will find “difficulty in implementing price cuts in the near future,” Yoon said. He explained that this possibility “indicates limited capabilities to improve the market in the short term.”

Yun notes a critical turn on how to expand the tariffs of the previous tension points.

Yoon pointed out that “while the conflicts of the previous tariffs involve the United States and China in the first place, the current situation of influencing global markets has expanded on a larger scale,” Yoon pointed out that “while the conflicts of the previous tariffs involve the United States and China in the first place, has expanded the current situation to influence global markets on a broader scale.” Such a dilemma “requires close attention to negotiations and results” over a longer period.

But in the meantime, the morale of the encryption market deteriorated and fast, with a wider category of investors surveyed by the American Association of Individual Investors who showed “unusual” upscale emotions where descending feelings reaches 61.9 % – the third highest reading ever.

It was released by Stacy Elliot.