Crypto currencies go through a difficult process with the influence of global economic developments and regulatory pressures. The US President’s trade wars and the expected statements on April 2, while creating concern among investors, Bitcoin (BTC) and total market value (total) test significant support levels.
Crypto coins are also waiting for April 2
The crypto money market is facing the increasing uncertainty due to the US President’s trade wars. The announcement to be made on April 2 will accelerate the decline tendency and to put additional pressure on crypto assets. Bitcoin (BTC) and total market value (total) tested significant support levels in this process.
Terraform Labs, ruled by Kroll Restructuring, began to liquidate its existence during the bankruptcy process. The creditors of the company will have to demand their damages until April 30, 2025. However, this process covers the losses caused by the Terrausd collapse, while Luna 2.0 assets and on-aChain liquidity will be excluded from this scope.
The losses in the crypto market are quite harsh
In the last 24 hours, the total crypto money market value decreased by $ 31 billion and fell to $ 2.60 trillion. This decline caused the market to go below the critical $ 2,61 trillion support level and reinforced the decline tendency. Developments on trade policies expected to be announced on April 2 may lead to investors to avoid risk and may cause the total to fall to $ 2.50 trillion.
However, if there is a improvement in general market conditions, the total of the total of $ 2.61 trillion may be able to restore the level of $ 2.61 trillion. If this level can be maintained, the market value may increase to $ 2.74 trillion. Such a recovery will invalidate the current decline expectation.
On the other hand, Bitcoin made a weak start to the second quarter by maintaining a decline tendency from the weekend. Technical indicators show that BTC is approaching a potential “Death Cross” formation. While moving averages signal a decrease, market uncertainty may cause the price of Bitcoin to decrease further.
The crypto market faces significant pressures due to US trade policies, regulatory developments and technical signals. Bitcoin and total testing critical support levels, while Altcoins continue to trend. The effect of the statements on April 2 on the market will be closely monitored. Time will show how crypto currencies will be affected in the process.
