Crypto Market Recovery from Trump's Tariff Threats May Take Until April, Says Analyst
According to crypto analyst Matthew Hyland, it may take until April for the crypto market to recover from the massive liquidations triggered by US President Donald Trump's tariff threats. Hyland based his expectations on Feb. 3 being the "largest liquidation event in crypto history," with over $2.24 billion liquidated from the crypto markets within 24 hours. While Bitcoin briefly rose above $102,000 the next day, it has since retraced and is currently trading at $97,570. Hyland warned that a "straight recovery" in a matter of days is unlikely and that similar market disruptions in 2020 and 2022 took over two months for a full recovery to take place.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Matrixport: ETH market selling pressure remains strong, and market share has dropped to 10%
Currently, 27 states in the United States have proposed Bitcoin and digital asset bills
Tomorrow Could Be a Big Day for Ripple (XRP) and Solana (SOL) – Here’s What’s Rumored to Happen
If crypto market rumors are true, tomorrow could truly be a turning point for XRP and Solana.
Long-awaited Altcoin Launches Mainnet, Releases Tokens
The altcoin, which has been long awaited by the cryptocurrency market, has finally launched its mainnet and released its tokens.
Trending news
MoreCrypto prices
More
