{"id":49455,"date":"2025-03-04T08:55:10","date_gmt":"2025-03-04T08:55:10","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=49455"},"modified":"2025-03-04T08:55:10","modified_gmt":"2025-03-04T08:55:10","slug":"why-is-crypto-down-today-why-is-crypto-crashing","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=49455","title":{"rendered":"Why Is Crypto Down Today? Why Is Crypto Crashing?"},"content":{"rendered":"

Over the weekend, Bitcoin, Ethereum, and other top altcoins spiked following news that the United States plans to create a crypto reserve. Bitcoin broke $93,000, while XRP climbed to nearly $3. However, the rally was short-lived.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n

Why Crypto Is Crashing Now<\/span><\/h2>\n

On Monday, March 3, 2025, the market turned sharply downward. Prices slumped, with Bitcoin <\/span>now<\/span> trading below $85,000 and Ethereum hovering around $2,070. <\/span><\/p>\n

Other altcoins are also in the red, posting double-digit losses within 24 hours. <\/span>Overall,<\/span> the total crypto market cap has shed nearly 12%, falling to $2.86 trillion.<\/span><\/p>\n

More losses could loom in the coming sessions. Notably, this downturn aligns with the U.S. imposing tariffs on Canada, Mexico, and China. <\/span><\/p>\n

The Trump administration has enacted 25% tariffs on imports from Canada and Mexico, with energy products facing a 10% <\/span>tariff,<\/span> and an additional 10% tariff on Chinese goods. <\/span>These measures,<\/span> effective March 1, <\/span>are raising<\/span> concerns about restricted goods flows, which may explain the synchronized drop in crypto and equities.<\/span><\/p>\n\n

As long as the S&P 500 and Nasdaq decline, crypto and Bitcoin prices <\/span>are likely to<\/span> follow suit due to their direct correlation.<\/span> Amid market uncertainty, investors are offloading equities and crypto, seeking safer alternatives like bonds. <\/span><\/p>\n

Tariffs could drive inflation higher as businesses pass on added costs<\/span>, and while<\/span> Bitcoin <\/span>is often touted<\/span> as an inflation hedge, its status as a risky asset means it may suffer from capital flight and trade restrictions in the short term.<\/span><\/p>\n

On a brighter note, a potential Russia-Ukraine peace deal could lower energy prices<\/span>, <\/span>cooling<\/span> inflation.<\/span><\/p>\n

EXPLORE:\u00a015 New & Upcoming Coinbase Listings to Watch in 2025<\/a><\/p>\n\n

However, if a full-fledged trade war emerges\u2014with retaliatory tariffs from China, Canada, and Mexico<\/span>\u2014the markets could sink further<\/span>.<\/span><\/p>\n

For Bitcoin, support lies at $79,000; if breached, prices might slide toward $50,000 in a bear trend continuation pattern.<\/span><\/p>\n\n

Time To Buy Best Wallet Token?<\/span><\/h2>\n

As crypto prices plunge, investors are exploring alternatives, and one standout is Best Wallet<\/a>, whose presale is underway. <\/span><\/p>\n

Best <\/span>Wallet<\/span> is a popular non-custodial wallet <\/span>recently<\/span> upgraded to support multiple blockchains. <\/span><\/p>\n

At its core is the BEST token, offering holders transaction fee discounts on the built-in DEX and the yet-to-be-launched Best Card. <\/span><\/p>\n

Additionally, BEST can be staked for a 150% APY, though yields vary based on the amount locked. <\/span><\/p>\n

Reflecting <\/span>blockchain\u2019s<\/span> ethos, BEST holders can vote on key decisions shaping the <\/span>platform\u2019s<\/span> future.<\/span><\/p>\n

In the ongoing presale,<\/span> BEST is trading for $0.0242, with nearly $11 million raised.<\/span><\/p>\n\n

Investors can purchase it using debit or credit cards, USDT, or other cryptos like ETH. <\/span><\/p>\n

With creators aiming to rival top non-custodial wallets like MetaMask and Coinbase Wallet, BEST could benefit from widespread adoption. <\/span><\/p>\n

What separates Best Wallet from others is <\/span>the fact that it has<\/span> multiple features, including the popular<\/span> \u201c<\/span>Upcoming Tokens<\/span>\u201d <\/span>sections.<\/span> Here, BEST holders can easily access exclusive presales with high potential. <\/span><\/p>\n

The <\/span>wallet<\/span> is also gaining traction <\/span>and<\/span> more users prefer the platform. So far, it has over 500,000 active users.<\/span><\/p>\n

Accordingly, though there are no guarantees, BEST prices may rise after token listing on top exchanges like Uniswap.<\/span><\/p>\n

\n

Crypto prices crashing on President Trump’s tariffs. Investors buying Best Wallet token<\/h3>\n

Crypto prices crashing. Bitcoin drops below $85,000 <\/p>\n

United States begins imposing tariffs on Canada, Mexico, and China <\/p>\n

Best Wallet presale raises nearly $11 million <\/p><\/div>\n

The post Why Is Crypto Down Today? Why Is Crypto Crashing?<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Over the weekend, Bitcoin, Ethereum, and other top altcoins spiked following news that the United States plans to create a crypto reserve. Bitcoin broke $93,000, while XRP climbed to nearly $3. However, the rally was short-lived. EXPLORE:\u00a010 Best AI Crypto Coins to Invest in 2025 Why Crypto Is Crashing Now On Monday, March 3, 2025, […]<\/p>\n","protected":false},"author":0,"featured_media":49456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49455"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49455"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49455\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/49456"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}