Cryptocurrency Market Suffers a Rough Week as Geopolitical Tensions Drive Sell-Off in Riskier Assets

The cryptocurrency market has seen a rough week, marked by significant price declines that have left investors uncertain about the future.

The cryptocurrency market has experienced a turbulent week, with major price declines leaving investors speculating on the future.

Bitcoin (BTC) saw a sharp fall, reaching a three-week low of $91,441.89 before recovering slightly to $95,730.35, marking a 6.2% decrease in a single day. Meanwhile, Ethereum (ETH) had a steeper decline, dropping nearly 25% since last Friday and trading at around $2,592.14.

The total cryptocurrency market capitalization decreased by about $500 billion, falling from $3.6 trillion to $3.1 trillion.

This downturn is closely linked to geopolitical tensions, especially the recent U.S. tariffs on imports from Mexico, Canada, and China. The heightened uncertainty led to a sell-off in riskier assets, including cryptocurrencies.

Altcoins have also faced significant losses. Dogwifhat (WIF), for example, plunged nearly 38% this week, hitting an 11-month low of $0.704.

Despite the challenges, some analysts suggest that the decline might be coming to an end, with bullish signs emerging for altcoins. However, investors are advised to be cautious and stay informed about geopolitical developments, as they could further influence the market.

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