The recent tensions in global markets have led to a notable decline in cryptocurrency values. Major digital assets like Bitcoin 
$108,883, Ethereum 
$2,559, Solana 
$177, and Dogecoin 
$0.228508 have experienced drops ranging from 6% to 12%, as investors worldwide adopt a cautious approach. Following sudden sell-offs in the crypto market, liquidations have surged to hundreds of millions of dollars, raising widespread concerns.
Market Volatility and Support Levels
During trading in the Asian session, risky assets were subjected to significant volatility. Markets in China, Taiwan, Japan, and Singapore reported sudden declines, with indexes falling by approximately 10%. These developments prompted circuit breaker measures in regional markets.
Bitcoin saw a 6.9% decline in the last 24 hours, trading around the critical support level of $77,500. It is noted that the daily trading volume surged by 220%, exceeding $44 billion. According to technical analyses, if Bitcoin remains below $77,500, deeper corrections may be anticipated.
Expert Insights and Perspectives
The fluctuations in the market have led to questions regarding Bitcoin’s status as “digital gold.” In this context, some experts express skepticism about the role of crypto assets as a hedge against risk. Peter Schiff indicated that the current market conditions could lead to prolonged negative effects.
“After a delayed reaction, a significant crash began in the crypto market. Ether has fallen to its lowest level since October 2023, and Bitcoin has repeated last week’s low. It could be a challenging day for investors holding positions in Bitcoin ETFs.” – Peter Schiff
As the impact of tariff wars intensifies, some market participants emphasize Bitcoin’s importance as a global, digital, apolitical store of value. Hunter Horsley, CEO of Bitwise Investments, noted that the ongoing demand for Bitcoin persists, highlighting decreasing international confidence and difficulties in corporate operations.
“The issues in international relations and increasing uncertainty heighten the need for a decentralized digital store of value. Bitcoin’s value stands out in this context compared to other assets.” – Hunter Horsley
The altcoin market is also experiencing a widespread correction. Ethereum has dropped to around $1,550, reflecting a 13.5% decrease, which has created uncertainty for investors. This situation has significantly deepened losses projected for 2025.
Among other digital assets, XRP has fallen below the critical $2 level with a 14.5% drop, indicating a potential for further declines according to analysts’ predictions. Similar decrease rates have been observed in Solana and Dogecoin, as the overall market reflects a cautious approach by investors.
In a general assessment of the current market situation, it is emphasized that investors should adopt protective measures against sudden declines and closely monitor technical support levels. Particularly, it is crucial to recognize that price movements in Bitcoin and altcoins are closely related to international economic developments.
