Why Crypto Down Today (4/3/25)?

Jakarta, Pintu News – As reported by Coinpedia (4/3/25), the crypto market is under major pressure again, with Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and XRP experiencing significant declines. Currently, Bitcoin is down 10%, Ethereum has plummeted 15%, and XRP has slumped 17%.

The massive sell-off was driven by growing concerns over President Donald Trump’s new tariff policies, as well as fears of a looming recession. Will the market continue to weaken, or is this a buying opportunity for savvy investors?

Crypto Market Loses Gains

According to BeInCrypto (4/3/25), the total crypto market capitalization plummeted by $381 billion in the last 24 hours, now standing at $2.71 trillion. This drop comes amid broader market turmoil, erasing all gains made over the weekend.

Read also: Ethereum Plummets Over 15% Today (4/3/25) – What’s Behind the ETH Crash?

With increased macroeconomic uncertainty, investors tend to be cautious, leading to high volatility in major cryptocurrencies and altcoins.

If the market capitalization (TOTAL) continues to fall, the $2.63 trillion level could be an important support. A bounce from this zone could indicate buying interest at low prices, potentially stabilizing the market.

However, if investors remain skeptical, a further drop to $2.58 trillion is possible, extending the current correction phase.

On the other hand, if TOTAL is able to break $2.75 trillion as support, this could signal a market recovery. A hold of this level could restore investor confidence, opening the door for a rally towards $2.93 trillion.

This scenario would strengthen the bullish momentum, helping major cryptocurrencies bounce back and recoup previous losses.

CME Gaps Caused Bitcoin’s Decline?

Crypto analysts think that the current Bitcoin (BTC) price drop is triggered by CME gaps. Analyst Hardy noted that although one gap has been filled today, Bitcoin still needs to drop to $85,000 to close another gap, with a larger gap at $77,900 still open. According to him, once all these gaps are filled, Bitcoin can prepare for the next rally.

Meanwhile, Titan of Crypto analysts have also predicted a pullback before Bitcoin goes back up-and right now, that scenario seems to be happening.

From a macroeconomic standpoint, The Kobeissi Letter report shows that between 10:00 AM and 3:30 PM ET, the S&P 500 index lost $1.5 trillion in market capitalization. Interestingly, the selling pressure started before the big investment announcement from Donald Trump.

Read also: Whale Dumps 262 Billion PEPE Tokens to Load Up on ONDO!

The investment announcement actually started with high optimism, especially after Taiwanese semiconductor companies announced a $100 billion investment in the US. This move is expected to create hundreds of billions of dollars worth of economic activity, potentially having a far-reaching impact on global financial markets.

Trump Officially Imposes Trade Tariffs

President Donald Trump confirmed that the 25% tariffs on Canada and Mexico will come into effect tomorrow, March 4, 2025, although the market had previously expected this policy to be delayed again.

Shortly after this announcement, the White House also confirmed that Trump had signed an Executive Order to raise tariffs on Chinese imports to 20%, which means a 20% increase in the past two months on Chinese tariffs.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Why Is the Crypto Market Down Today? Accessed on March 4, 2025
• Coinpedia. Why Is Crypto Market Down Today? Accessed on March 4, 2025