{"id":16049,"date":"2025-03-04T11:02:16","date_gmt":"2025-03-04T11:02:16","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16049"},"modified":"2025-03-04T11:02:16","modified_gmt":"2025-03-04T11:02:16","slug":"why-is-crypto-down-today-why-is-crypto-crashing","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16049","title":{"rendered":"Why Is Crypto Down Today? Why Is Crypto Crashing?"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Over the weekend, Bitcoin, Ethereum, and other top altcoins spiked following news that the United States plans to create a crypto reserve. Bitcoin broke $93,000, while XRP climbed to nearly $3. However, the rally was short-lived.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Why Crypto Is Crashing Now<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">On Monday, March 3, 2025, the market turned sharply downward. Prices slumped, with Bitcoin <\/span><span data-preserver-spaces=\"true\">now<\/span><span data-preserver-spaces=\"true\"> trading below $85,000 and Ethereum hovering around $2,070. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Other altcoins are also in the red, posting double-digit losses within 24 hours. <\/span><span data-preserver-spaces=\"true\">Overall,<\/span><span data-preserver-spaces=\"true\"> the total crypto market cap has shed nearly 12%, falling to $2.86 trillion.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">More losses could loom in the coming sessions. Notably, this downturn aligns with the U.S. imposing tariffs on Canada, Mexico, and China. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Trump administration has enacted 25% tariffs on imports from Canada and Mexico, with energy products facing a 10% <\/span><span data-preserver-spaces=\"true\">tariff,<\/span><span data-preserver-spaces=\"true\"> and an additional 10% tariff on Chinese goods. <\/span><span data-preserver-spaces=\"true\">These measures,<\/span><span data-preserver-spaces=\"true\"> effective March 1, <\/span><span data-preserver-spaces=\"true\">are raising<\/span><span data-preserver-spaces=\"true\"> concerns about restricted goods flows, which may explain the synchronized drop in crypto and equities.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Critics warn Trump tariffs on Canada, Mexico &amp; China will leave Americans to pay the price\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/s6PlqM-K4Ww?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">As long as the S&amp;P 500 and Nasdaq decline, crypto and Bitcoin prices <\/span><span data-preserver-spaces=\"true\">are likely to<\/span><span data-preserver-spaces=\"true\"> follow suit due to their direct correlation.<\/span><span data-preserver-spaces=\"true\"> Amid market uncertainty, investors are offloading equities and crypto, seeking safer alternatives like bonds. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Tariffs could drive inflation higher as businesses pass on added costs<\/span><span data-preserver-spaces=\"true\">, and while<\/span><span data-preserver-spaces=\"true\"> Bitcoin <\/span><span data-preserver-spaces=\"true\">is often touted<\/span><span data-preserver-spaces=\"true\"> as an inflation hedge, its status as a risky asset means it may suffer from capital flight and trade restrictions in the short term.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On a brighter note, a potential Russia-Ukraine peace deal could lower energy prices<\/span><span data-preserver-spaces=\"true\">, <\/span><span data-preserver-spaces=\"true\">cooling<\/span><span data-preserver-spaces=\"true\"> inflation.<\/span><\/p>\n<p><b>EXPLORE:\u00a0<\/b><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-coinbase-listings\/\" target=\"_blank\" rel=\"noopener\"><b>15 New &amp; Upcoming Coinbase Listings to Watch in 2025<\/b><\/a><\/p>\n<p><iframe loading=\"lazy\" title=\"UK and France develop Ukraine peace deal\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/jVk2k9FB4qY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">However, if a full-fledged trade war emerges\u2014with retaliatory tariffs from China, Canada, and Mexico<\/span><span data-preserver-spaces=\"true\">\u2014the markets could sink further<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For Bitcoin, support lies at $79,000; if breached, prices might slide toward $50,000 in a bear trend continuation pattern.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/www.tradingview.com\/x\/H845r7N5\/\" width=\"1499\" height=\"859\"><\/p>\n<h2><span data-preserver-spaces=\"true\">Time To Buy Best Wallet Token?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">As crypto prices plunge, investors are exploring alternatives, and one standout is <a class=\"noopener\" href=\"https:\/\/99bitcoins.com\/goto\/bestwallet-presale\" target=\"_blank\" rel=\"noopener\">Best Wallet<\/a>, whose presale is underway. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Best <\/span><span data-preserver-spaces=\"true\">Wallet<\/span><span data-preserver-spaces=\"true\"> is a popular non-custodial wallet <\/span><span data-preserver-spaces=\"true\">recently<\/span><span data-preserver-spaces=\"true\"> upgraded to support multiple blockchains. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">At its core is the BEST token, offering holders transaction fee discounts on the built-in DEX and the yet-to-be-launched Best Card. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Additionally, BEST can be staked for a 150% APY, though yields vary based on the amount locked. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Reflecting <\/span><span data-preserver-spaces=\"true\">blockchain\u2019s<\/span><span data-preserver-spaces=\"true\"> ethos, BEST holders can vote on key decisions shaping the <\/span><span data-preserver-spaces=\"true\">platform\u2019s<\/span><span data-preserver-spaces=\"true\"> future.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In the ongoing presale,<\/span><span data-preserver-spaces=\"true\"> BEST is trading for $0.0242, with nearly $11 million raised.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-211435\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-04T105650.665.png\" alt=\"\" width=\"1579\" height=\"705\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-04T105650.665.png 1579w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-04T105650.665-300x134.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-04T105650.665-1024x457.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-04T105650.665-768x343.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-04T105650.665-1536x686.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-04T105650.665-50x22.png 50w\" sizes=\"auto, (max-width: 1579px) 100vw, 1579px\"><\/p>\n<p><span data-preserver-spaces=\"true\">Investors can purchase it using debit or credit cards, USDT, or other cryptos like ETH. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">With creators aiming to rival top non-custodial wallets like MetaMask and Coinbase Wallet, BEST could benefit from widespread adoption. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">What separates Best Wallet from others is <\/span><span data-preserver-spaces=\"true\">the fact that it has<\/span><span data-preserver-spaces=\"true\"> multiple features, including the popular<\/span><span data-preserver-spaces=\"true\"> \u201c<\/span><span data-preserver-spaces=\"true\">Upcoming Tokens<\/span><span data-preserver-spaces=\"true\">\u201d <\/span><span data-preserver-spaces=\"true\">sections.<\/span><span data-preserver-spaces=\"true\"> Here, BEST holders can easily access exclusive presales with high potential. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The <\/span><span data-preserver-spaces=\"true\">wallet<\/span><span data-preserver-spaces=\"true\"> is also gaining traction <\/span><span data-preserver-spaces=\"true\">and<\/span><span data-preserver-spaces=\"true\"> more users prefer the platform. So far, it has over 500,000 active users.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Accordingly, though there are no guarantees, BEST prices may rise after token listing on top exchanges like Uniswap.<\/span><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Crypto prices crashing on President Trump&#8217;s tariffs. Investors buying Best Wallet token<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Crypto prices crashing. Bitcoin drops below $85,000     <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         United States begins imposing tariffs on Canada, Mexico, and China     <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Best Wallet presale raises nearly $11 million     <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/why-is-crypto-down-today-why-is-crypto-crashing\/\">Why Is Crypto Down Today? Why Is Crypto Crashing?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Over the weekend, Bitcoin, Ethereum, and other top altcoins spiked following news that the United States plans to create a crypto reserve. Bitcoin broke $93,000, while XRP climbed to nearly $3. However, the rally was short-lived. EXPLORE:\u00a010 Best AI Crypto Coins to Invest in 2025 Why Crypto Is Crashing Now On Monday, March 3, 2025, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16049","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16049"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16049\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}