Solana Beach priceSOLANA

The crypto market took another brutal hit today, as President Donald Trump announced a fresh round of tariffs on Chinese imports, raising duties and tariffs, now totaling 145%, including previous measures. Notably, China is being excluded from a 90-day global tariff pause, adding fuel to an already tense trade standoff. Markets reacted sharply. In just the past hour, Bitcoin dropped 3%, Ethereum plunged 7%, Solana slipped 6%, and XRP fell 4%. Overall, the crypto market cap fell by 4%, erasing yesterday’s temporary recovery. Traders see the U.S.-China tariff escalation as a threat to global economic stability. The aggressive stance on China — while temporarily easing tensions with other nations — has increased investor uncertainty, pushing capital out of high-risk assets like cryptocurrencies. Risk-off sentiment is clearly back, and crypto is once again caught in the crossfire of macro geopolitics. --> Trade Cryptos now with Bitget , open an account using our link to get 100% transaction fee rebates in BGB on your first transaction <-- In a surprising turn, China and the European Union announced plans to begin negotiations aimed at removing EU tariffs on Chinese electric vehicles (EVs). The move signals a potential shift toward diplomacy, at least between China and key global partners outside the U.S. While it’s too early to say whether this could influence U.S.-China relations, any sign of a broader trade de-escalation might quickly revive risk appetite — and with it, crypto prices . If the U.S. and China move toward re-opening trade negotiations, analysts believe crypto markets could see an immediate reversal. Risk assets have been reacting almost instantly to macro headlines, and a resolution — or even progress toward one — could drive: However, the longer uncertainty lingers, the more likely crypto stays under pressure. The crypto market took another brutal hit today, as President Donald Trump announced a fresh round of tariffs on Chinese imports, raising duties and tariffs, now totaling 145%, including previous measures. Notably, China is being excluded from a 90-day global tariff pause, adding fuel to an already tense trade standoff. Markets reacted sharply. In just the past hour, Bitcoin dropped 3%, Ethereum plunged 7%, Solana slipped 6%, and XRP fell 4%. Overall, the crypto market cap fell by 4%, erasing yesterday’s temporary recovery. Traders see the U.S.-China tariff escalation as a threat to global economic stability. The aggressive stance on China — while temporarily easing tensions with other nations — has increased investor uncertainty, pushing capital out of high-risk assets like cryptocurrencies. Risk-off sentiment is clearly back, and crypto is once again caught in the crossfire of macro geopolitics. --> Trade Cryptos now with Bitget , open an account using our link to get 100% transaction fee rebates in BGB on your first transaction <-- In a surprising turn, China and the European Union announced plans to begin negotiations aimed at removing EU tariffs on Chinese electric vehicles (EVs). The move signals a potential shift toward diplomacy, at least between China and key global partners outside the U.S. While it’s too early to say whether this could influence U.S.-China relations, any sign of a broader trade de-escalation might quickly revive risk appetite — and with it, crypto prices . If the U.S. and China move toward re-opening trade negotiations, analysts believe crypto markets could see an immediate reversal. Risk assets have been reacting almost instantly to macro headlines, and a resolution — or even progress toward one — could drive: However, the longer uncertainty lingers, the more likely crypto stays under pressure.

Now might be a good time to start accumulating altcoins, some traders are saying. CryptoQuant shared a chart earlier today looking at altcoin trading volume (vs stablecoins), possibly showing the market entering a period well-suited for Dollar-Cost Averaging (DCA) plans. And according to analyst Darkfos, the 30-day moving average of altcoin prices has fallen below the annual average. This pattern was last observed in September 2023, before a large market rally. The technical indicator implies that altcoins are priced low compared to their longer trends, hinting at a potential entry spot for buyers. DCA involves investing set amounts regularly, whatever the price, often used to lessen risks from market swings. Such market periods can last weeks or months. However, this is all well and done, but the broader market context remains a complicated matter. Recent geopolitical tensions, mainly the trade war between the US and China adds a big level of uncertainty. That, and the tariffs Trump announced (then paused) on a huge number of other countries, have already hit the financial markets hard, crypto included. For instance, Bitcoin even dropped below $75k at one point, and the most well-known altcoin Ethereum is down 15% in the last seven days. As such, with so much uncertainty looming over, it’s hard to predict anything, and even harder to predict the impact of different news. Still, despite all the bad news lately, altcoins have been showing signs of resilience. Solana, for one, is doing relatively well, all things considered. Its integration into new platforms might be one reason for its steady showing lately. Then, contradictory to Ethereum’s performance and price, Odaily reports a substantial increase in stablecoin supply on the Ethereum mainnet since January 2021, rising from $22 billion to the current $123 billion. Other altcoins, like ADA, seem to be slowly rising and recovering, with a roughly 1% increase in the last 24 hours. It doesn’t sound like much but just several days ago its price was $0.51, and the current one is $0.63, which is approximately a 21% increase. All in all, while the current market is extremely unpredictable, some analysts remain optimistic about the long-term prospects of altcoins. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

🌟EXCLUSIVE from @festival_web3 🇭🇰 @calilyliu, President of @SolanaFndn, told BeInCrypto: “Solana is the everything chain.” In our 1-on-1, she lays out how Solana aims to power internet capital markets and expand financial access globally. Read more from @oihyun 👇🏻

CME Futures prices #Bitcoin #Ethereum #Solana April 9th 2:20pm

ICYMI: The @apolloglobal Diversified Credit @Securitize Fund has an AUM of $65.4 million. The fund is currently available on six different networks, with the @solana instance having the highest AUM.