Trump’s Trade War Sends Crypto Traders Running for the Hills 🏃‍♂️💨

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The crypto markets, once a wild frontier of optimism and greed, now resemble a ghost town. Traders, spooked by Trump’s tariffs, are tiptoeing around like cats on a hot tin roof. The funding rates on exchanges have plummeted below 0.005%, a number so low it might as well be a typo. 🐻

Liquidation rates? Down 42%. Trading volumes? Down 22.71%. It’s as if the entire market decided to take a collective nap. But don’t be fooled—this isn’t rest. It’s fear. The kind of fear that makes you double-check your locks at night and hoard canned beans. 🥫

And then there’s Bitcoin, the once-mighty king of crypto, teetering on the edge of a “death cross.” The 50-day moving average is about to cross below the 200-day, a signal so bearish it could make a grizzly blush. 🐻📉

Ugly daily on Bitcoin

Rejection at the 50 and 200 day moving averages

Death cross imminent

— Tony “The Bull” Severino, CMT (@tonythebullBTC) April 2, 2025

Meanwhile, the crypto fear and greed index is sitting at a cozy 25, firmly in “extreme fear” territory. It’s the kind of fear that makes you wonder if you should’ve just invested in a nice, safe toaster instead. 🍞

Trump’s tariffs, announced on April 2, have sent shockwaves through both crypto and stock markets. A 10% tariff on all foreign goods, with a whopping 34% on China, has traders bracing for the worst. And by “the worst,” we mean higher prices, disrupted supply chains, and the looming specter of a recession. 🛑📦

China and the EU are already sharpening their knives for retaliatory measures. It’s a trade war, folks, and the only winners so far are the folks selling popcorn. 🍿

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2025-04-04 15:56