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Crypto under Siege: Bitcoin and Ether Fall as Tariff Fears Intensify – What’s Next?
April 10, 2025
The cryptocurrency market is reeling in the wake of escalating tariff fears, with Bitcoin (BTC) and Ethereum (ETH) experiencing a sharp decline in value. As tensions escalate, investors are left wondering what lies ahead.
Recent data from Farside Investors reveals that Bitcoin ETFs have seen substantial capital flight, resulting in $326.3 million in outflows. This alarming trend is attributed to the Trump administration’s 104% tariff on Chinese imports, further exacerbating market uncertainty and investor anxiety.
The BlackRock IBIT led this exodus, shedding a staggering $252.9 million, followed closely by Bitwise’s BITB with $21.7 million, and Ark 21Shares’ ARKB at $19.9 million. Surprisingly, some ETFs such as Fidelity’s FBTC, Valkyrie’s BRRR, VanEck’s HODL, and WisdomTree’s BTCW reported no activity.
Meanwhile, Ethereum spot ETFs fared relatively better, with only Fidelity’s FETH experiencing $3.3 million in outflows, while other ETFs remained unaffected.
Bitcoin’s fall to $76,040.20 and Ethereum’s drop to $1,451.01 reflect a significant 4.53% and 8.09% decline respectively over the past 24 hours. The bearish trend has been confirmed by technical indicators, including RSI hovering around 30, indicating intense selling pressure.
The market outlook has become increasingly grim due to growing macroeconomic uncertainty, fueled by mounting trade tensions. This development marks a stark shift in investor sentiment from caution to outright fear.
While the market is reeling from this unexpected turn of events, some glimmers of hope have emerged. The introduction of the United States’ first Ripple (XRP)-based ETF by Teucrium on April 8th may signal progress towards mainstream acceptance and potentially even institutional interest in the broader cryptocurrency space.
The SEC’s recent dismissal of its case against Ripple has also sparked speculation about a possible spot XRP ETF approval in 2025, with market confidence reported at around 75%. This significant breakthrough could potentially signal a turning point for the cryptocurrency market, marking a shift towards increased mainstream participation and acceptance.
As the market navigates this challenging landscape, it remains crucial that investors carefully assess their risk tolerance before making any moves. With uncertainty reigning supreme, the next move may be critical in determining the trajectory of the market.
What do you think about the current market conditions?
Source: https://ambcrypto.com/crypto-under-siege-bitcoin-and-ether-fall-as-tariff-fears-intensify-whats-next/
