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The cryptocurrency markets have taken a significant hit, predominantly affecting altcoins, with Bitcoin’s 60-day losses nearing 70%. Many altcoins have normalized losses exceeding 50%, raising questions about the duration of this trend. Despite these fluctuations, Bitcoin 
$90,610 remains relatively high, indicating that the overall market trend has not yet turned bearish, and the expected upward phase for altcoins has not commenced. Insights from experts provide a clearer picture of the current scenario.
Indicators of Recovery
Trump announced that a major step regarding tariffs might be taken on April 2. Discussions will be held with all trade partners to normalize customs duties beneficial to the U.S. Otherwise, excess tariffs exceeding 25% will pose a significant threat. Regarding BRICS nations, Trump hinted at a 100% tariff threat, suggesting potential harm to the dollar.
On a more positive note, Trump has asserted that interest rates will definitely decrease. Although the Fed operates independently, if Trump claims that rates will drop, he must have a strategy in mind.
Kyle indicates a significant resurgence in individual demand, which may signal a notable rise in the crypto market.
“Individual demand for BTC is preparing for a comeback. Following a consolidation phase, individual activity has only dropped 2% in 30 days, much less than the 20% decline in January.”
Ali Charts shared that as long as BTC prices do not break out of key ranges, uncertainty in market trends remains. However, many analysts predict that altcoins will be at much better levels within two weeks.
Positive Outlook for Altcoins
The total market value of cryptocurrencies is currently at $3.17 trillion, with volumes stuck around $110 billion. While BTC dominance remains strong, Ether’s poor performance continues to impact the fate of altcoins. Crypto Yoddha expresses optimism regarding the potential for growth.
“Altcoins have yet to reach their ATH market value. With the Total2 breakout, we aim for all-time high levels.”
However, even this prediction hints at a potential decline before a rebound. The Titan of Crypto relies on historical data to remain motivated.
“Altcoins are showing a Golden Cross. Are altcoins reflecting the beginning of 2021?”
