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Altcoins were the big story of the past week, even as the broader cryptocurrency market was battered significantly by U.S. President Donald Trump's global tariffs that pulled stocks down and fueled fears of a recession.
The cryptocurrency market has been battered in recent times by U.S. President Donald Trump’s global tariffs that pulled stocks down and fueled fears of a recession.
However, while the broader crypto market has been hit hard, altcoins have fared better than Bitcoin in the seven-day period.
As the chart from CoinGecko shows, BTC and Ethereum (ETH) are still in the green, at least within the last seven days, with Bitcoin gaining 7.5% and ETH going up by 3%.
Further down in the rankings, XRP is showing an 11.5% spike, putting it ahead of TRON (TRX) and top meme coin Dogecoin (DOGE), which both saw increases of 11.7%.
Cardano (ADA) is up nearly 12%, and Solana (SOL) is rallying by a stellar 24.4% in the last seven days, making it the biggest gainer in the period among the top 10 largest crypto coins by market cap.
Over in the meme coin segment, POPCAT is leading the seven-day rally, surging by over 92% in the week, while FARTCOIN is not far behind with gains of over 84%.
Trump Tariffs Hit New Crypto Holders' Weakness
Following Trump’s announcement of global tariffs, especially the massive duties levied on Chinese goods, it’s become clearer that newbies in the crypto space have been feeling the brunt of the crypto market’s reaction to the news.
Bitcoin holders, at least veterans in the space, are usually unmoved by market narratives. But BTC and other major altcoins like XRP and SOL have seen strong sell-offs as fear has gripped the sector. The world’s most valuable cryptocurrency has plunged to $75,000 – a stark price difference from when it hit $108,000 on Trump’s inauguration.
However, altcoins are showing growing resilience despite the recent ups and downs in global financial markets.
Will Crypto Continue to Fall?
The crypto space has been difficult to predict in recent times. Extreme volatility hasn't made it easier for experts to determine which way prices will go. On the other hand, history has shown that BTC and some major altcoins usually spike after a huge dump.
Also, adoption is growing in the corporate. Japanese firm Metaplanet has just added more Bitcoin to its strategic BTC reserve, bringing its total stash to 4,525 Bitcoin.
It remains to be seen whether crypto prices will find relief in the coming days as countries negotiate trade terms with the Trump White House. For now, it appears altcoins are buoying Bitcoin, not the other way around.
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