The crypto money market has recently faced great uncertainty and volatility. The customs tariffs of the United States to Canada, Mexico and China have fueled concerns about the future of global trade, led to significant losses in crypto beings. Altcoins such as Bitcoin, FET, WLD, SUI Coin experienced serious value decreases due to these developments. In particular, Altcoins have suffered greater losses than Bitcoin, and this situation, which worries investors, continues to create question marks on the direction of the market.
What’s next for SUI Coin and O 4 Altcoin?
In the last few days, it was very challenging for crypto currencies and crypto world. The customs tariffs of the United States to Canada, Mexico and China have harshly affected the market and affect the market. President Donald Trump reported that the sanctions on the European Union are on the road. All these developments created great pressure in the markets and Bitcoin fell to the lowest level of three weeks with $ 91,441,89 at a point. However, Altcoins suffered more than Bitcoin, and some experienced great losses. For example, the following price changes took place during the fall:
- The water has lost about 14 %in the last 24 hours and its current price is $ 3.09.
- FET fell by 18 %decreased to $ 0.7354 with a decrease of 18 %compared to the day ago.
- ARB fell to $ 0.4344 and suffered an almost 23 %loss in one day.
- TIA and WLD suffered the biggest losses; Both depreciated over 23 %. The current prices are $ 2.93 and $ 1.21, respectively.
Global trade concerns affected markets
On 1 February 2025, the United States began to apply 25 %for imports from Canada and Mexico and 10 %for imports from China. These measures triggered the fear of a global trade war and created instability in the markets. Bitcoin, leading crypto currency falls below $ 100,000; Ether, the second crypto asset, has declined to $ 2,494,33 and has seen its lowest level since the beginning of September. However, in general, crypto currencies continued to splash.
While liquidity decreased, risky assets, especially crypto currencies and Altcoins, received major blows. According to Coinedition experts, some analysts say that this is only a short -term glitch and the market has a chance to recover, but it is worth remembering that fear is still a strong factor. Therefore, there are those who think that the worst period may not have been left behind yet. Therefore, it will be necessary to continue to watch until it finds the point where the markets will be balanced.
