Equity and crypto markets slide on tariff war uncertainty
💥 Broad-based sell-off – Both crypto and equity markets are under pressure amid fears over the long-term economic impact of US tariffs.
🔻 Altcoins hit hardest – Many altcoins have posted overnight losses exceeding 25%, while Bitcoin and Ethereum have also seen steep declines.
🔮 Policy pivot – JPMorgan sees a rising risk of recession and forecasts rate cuts at every Fed meeting through January.
GLOBAL risk assets, including cryptocurrencies and equities, are facing significant pressure as markets begin to price in the extended economic fallout of the latest US tariff announcements.
The S&P 500 remains on a steep downward trajectory, while losses in the crypto space have accelerated, particularly among altcoins, which have been hit hardest by the wave of volatility.
Bitcoin has fallen roughly 8% since yesterday, moving in tandem with major technology stocks, while Ethereum has dropped nearly twice as much. The broader cryptocurrency market capitalisation has shed more than 10% over the same period.
“The size and disruptive impact of US trade policies, if sustained, would be sufficient to tip a still healthy US and global expansion into recession,” Bruce Kasman, chief economist at JPMorgan, told Reuters.
He currently puts the probability of a recession at 60%.
“We continue to expect a first Fed easing in June,” he added. “However, we now think the Committee cuts at every meeting through January, bringing the top of the funds rate target range down to 3.0%.”
Whether the anticipated monetary easing will be enough to soothe jittery markets remains to be seen. For crypto investors, the path ahead is increasingly tied to broader macroeconomic uncertainty - making near-term recovery anything but guaranteed.
In the markets
🌍 Total crypto market cap ⬇️
The global cryptocurrency market capitalisation is approximately $2.37 trillion, reflecting a 10.92% decrease over the last day.
🟠 Bitcoin (BTC) ⬇️
Price: Currently trading at $76,474, marking a 7.71% decrease in the last 24 hours.
Daily high: $83,105
Daily low: $74,604
💎 Ethereum (ETH) ⬇️
Price: Currently trading at $1,496, reflecting a 16.85% decrease in the last 24 hours.
Daily high: $1,794
Daily low: $1,431
📈 S&P 500 ⬇️
The S&P 500 index is currently down 5.97% from the previous close.
😬 Fear & Greed Index
The Crypto Fear & Greed Index is currently at 17/100, indicating a state of Extreme Fear among investors.
📊 Bitcoin Relative Strength Index (RSI) (14)
The 14-day RSI for Bitcoin is at 31, suggesting that the asset is oversold.
Cautionary Notes
It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
