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The first quarter for cryptocurrencies has not unfolded as expected, extinguishing hopes for a post-halving rally. Bitcoin (BTC) 
$80,640 dropped to $79,332 during the writing of this article. Many altcoins are plunging deeper, suffering losses nearing 10%.
Crypto Market Decline
As BTC’s price rapidly declines, altcoins are shaken. The U.S. markets opened with a 2% drop. Economic expectations for growth in the U.S. are severely impacted by increasing tariffs and accelerated government dismissals, fueling global economic crisis fears, resulting in significant rises in U.S. and European national bond rates.
Wall Street forecasts point to potential negative trends for stocks. BlackRock has already indicated that a turbulent period may be approaching. Meanwhile, Trump is aggressively challenging the world, threatening to ignite a global trade war. The current situation has turned into a nightmare in many ways due to its senselessness, unpredictability, and constantly changing conditions.
The upcoming U.S. CPI data on March 12 is highly anticipated. It is crucial for Trump to recognize economic risks and moderate his tone in the coming days.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
