Crypto markets experienced a significant downturn, with Bitcoin (BTC) and Ethereum (ETH) seeing volatility following a broader market rout triggered by Trump's tariff threats, leading to over $10 billion in liquidations. XRP also faced a price plunge but garnered positive institutional news, including a Grayscale ETF conversion and EU expansion. While altcoins like Cardano (ADA) and Chainlink (LINK) saw notable declines, some analysts maintain a bullish Q4 outlook for Bitcoin, and Ethereum whales began accumulating after its crash.
Key Developments
- Market-wide crypto rout triggered by Trump's tariff threats, causing over $10 billion in liquidations.
- XRP sees significant institutional adoption news (Grayscale ETF, EU expansion, Sharia-compliant) despite price pressure.
- Bitcoin mining companies like Galaxy Digital pivot to AI data centers, securing $460 million in funding.
- Ethereum (ETH) experiences a crash, but whales are accumulating, and the Foundation expands privacy efforts.
- Morgan Stanley eases restrictions for wealth clients to hold crypto funds, signaling growing institutional access.
Next 6 Hour Outlook
The market is likely to remain highly sensitive to macroeconomic news and geopolitical developments, with potential for short-term rebounds in oversold assets if sentiment improves.
Top Tickers
BTC
XRP
ETH
ADA
LTC
BNB
LINK
SOL