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💰$ETHUSDT [1W Chart] 🕯 ETH Is Currently Testing A Significant Support Area. The Expectation Is That This Support Will Lead To A Return To An Uptrend. Additionally, The RSI Indicates That ETH Is In An Oversold Condition.

XRP faced intense selling pressure Monday, dropping over 14% along with the broader crypto market. However, analysts are pointing to intriguing signs – specifically XRP’s relative strength against Ethereum and historical chart patterns – that might hint at underlying bullish potential even during the current turmoil. While XRP’s USD price hit lows near $1.60 before settling around $1.79 (down 14.11% daily), analyst CrediBULL Crypto noted its pairing against Ethereum (XRP/ETH) held firm. This relative strength, where XRP didn’t weaken as much against ETH, is seen by CrediBULL as a potentially bullish signal. He suggested this could mean XRP is gearing up for a strong reversal, especially if it reclaims the $2.00 to $2.20 resistance zone. A break above that area, he argued, could confirm an impulsive bullish trend continuation. CrediBULL also noted that Ethereum failed to capitalize on the correction to gain significant ground against XRP. Separately, analyst Egrag Crypto reiterated his view that XRP’s current price action echoes historical setups. He highlighted massive corrections in 2017 (73%) and 2021 (78%) that ultimately preceded explosive rallies (2,700% and 1,000%). Related: XRP Price Prediction: Can Bulls Push Past $2.10 for Rally to $2.68? Egrag emphasized XRP’s interaction with its 200-day moving average (MA) during those cycles, noting price often dipped below it before surging. With XRP currently testing support near this key long-term average after its sharp drop, he sees the parallel. Despite the recent crash and weak short-term indicators like an oversold RSI (dipping near 31) and bearish MACD, Egrag pointed out a crucial factor: XRP’s 50-day MA remains above its 200-day MA. Related: XRP Set for ‘Final Blastoff’ After ‘Boredom Phase’: Egrag Predicts Surge This means a bearish “death cross” hasn’t occurred, preserving the technical long-term bullish structure, in his view. He suggested the current dip presents an accumulation opportunity rather than a reason for panic, assuming this structure holds. Holding the recent $1.60 low is therefore critical. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

In a startling comparison that has sent ripples through economic circles, former Treasury Secretary Lawrence Summers has likened the potential economic fallout from former President Donald Trump’s proposed tariff policies to the shockwaves of doubling oil prices. This isn’t just a minor tweak to trade; Summers argues it’s a seismic shift that could cost the U.S. economy and its consumers a staggering $30 trillion. For those watching the volatile cryptocurrency markets, accustomed to economic indicators and global financial shifts, Summers’s stark assessment serves as a potent reminder of how traditional economic policies can trigger profound market disruptions. Let’s dive into why this comparison is so alarming and what it could mean for the broader financial landscape. When Lawrence Summers, a figure with considerable clout in economic discourse, draws a parallel between Trump tariffs and a doubling of oil prices, it’s time to pay attention. But what exactly does this comparison mean? Summers, in his April 6th post on X (formerly Twitter), didn’t mince words, suggesting the economic repercussions could mirror the widespread pain felt during significant energy price spikes. Earlier, on April 3rd, he labeled this tariff policy as “the most expensive and masochistic” economic strategy the U.S. has adopted in recent memory. To understand the gravity of this statement, let’s break down the potential economic impact: Summers’s comparison to doubling oil prices is particularly insightful because it evokes the memory of past energy crises where sudden price surges led to recessions and widespread economic hardship. Think back to the 1970s oil price shock – it wasn’t just about pricier gasoline; it was about a systemic economic slowdown, inflation spikes, and a reshaping of industries. Summers is suggesting that the cumulative effect of Trump’s tariffs could be similarly disruptive, albeit through a different mechanism. The analogy to an oil price shock isn’t arbitrary. Both scenarios – widespread tariffs and a sudden doubling of oil prices – share key economic characteristics: Both scenarios represent significant negative supply shocks to the economy. They are not simply about shifting trade balances; they are about increasing costs across the board, potentially leading to stagflation – a toxic mix of slow economic growth and high inflation. For crypto investors, who often look for hedges against traditional market downturns, understanding these macroeconomic risks is crucial. Some might dismiss Summers’s comments as hyperbole, typical of political and economic discourse. However, his track record lends weight to his pronouncements. As a former Treasury Secretary and President of Harvard University, Summers is not known for making outlandish statements without a basis in economic reality. His critique is rooted in a deep understanding of international trade and macroeconomic policy. Moreover, the potential scale of Trump’s proposed tariffs is indeed substantial. While the exact details can vary, discussions have included tariffs across a wide range of goods from various countries, not just targeted measures against specific nations or industries. If implemented broadly, these tariffs could fundamentally alter the U.S.’s trade relationships and its economic structure. Key takeaways from Summers’s warning: For those in the cryptocurrency and broader financial markets, Summers’s analysis underscores the importance of staying informed about macroeconomic policy shifts. Trade policy, often perceived as a secondary concern compared to monetary policy or fiscal spending, can have profound and immediate effects on market sentiment and economic stability. Here are some actionable insights for navigating potential market volatility arising from trade policy uncertainties: Lawrence Summers’s stark comparison of Trump tariffs to doubling oil prices is a powerful wake-up call. It highlights the potential for seemingly straightforward trade measures to trigger significant and costly economic disruptions. For investors, particularly in dynamic markets like cryptocurrency, understanding these macroeconomic risks is paramount. The global economy is intricately linked, and policies enacted in one area, like trade, can have cascading effects across markets and asset classes. As we move forward, a nuanced and informed approach to economic policy, one that carefully weighs the potential costs and benefits, is more critical than ever. Summers’s warning serves as a crucial reminder of the complexities inherent in international trade and the profound consequences of protectionist policies. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Crypto is no longer a marginal experience. It is now anchored in the daily lives of millions of Americans, reshaping the contours of their financial autonomy. A recent study by the National Cryptocurrency Association reveals that 55 million adults hold digital assets. Among them, 76% believe that this technology has improved their quality of life. Far from the clichés of speculation, these figures unveil a more nuanced reality: massive, pragmatic adoption that carries concrete hopes. Contrary to popular belief, crypto is not limited to a tech-savvy elite. The study debunks stereotypes: 26% of holders earn less than $75,000 a year, and 15% are over 55. An unexpected democratization, where workers, artists… and even President Trump — who has doubled his fortune — coexist in the same ecosystem. Uses, too, are diversifying. While 52% see crypto as a lever to secure their future, 39% already use it for everyday purchases. From weekly groceries to money transfers to family (31%), transactions are becoming commonplace. One in five holders even makes monthly payments. Proof that everyday utility takes precedence over simple accumulation of gains. This massive adoption is explained by a quest for control. In the face of inflation and bank fees, users are creating alternatives. “This is not a revolt, but a silent reclamation”, analyzes a reporter of the study . Digital wallets are no longer virtual vaults, but tools of resilience. Enthusiasm is dominant. For 46% of holders, the impact of crypto is “very positive”, particularly due to financial independence (49%) and learning opportunities (45%). “This has taught me to manage risk differently”, confides one respondent. A collective dynamic is emerging: 73% want the United States to lead global innovation in this area. However, the shadow of risks looms. Three-quarters of respondents fear scams, while 67% dread stifling regulation. Paradoxically, 64% demand more government framework. A revealing dilemma: how to protect without suffocating? Users are calling for safeguards — such as insurance on wallets — while defending decentralization. The future is being played out here. Crypto is no longer a gamble but an emerging infrastructure. Holders demand its integration into traditional systems, requiring transparency and security. “The real challenge is not technical, but cultural”, summarizes an expert. Accepting that digital money coexists with cash, without demonization or naïveté. The numbers speak: crypto is establishing itself as a pillar of American financial life. Propelled by millions of ordinary users, it embodies less a rupture than a logical evolution. Even Wall Street giants are getting involved: the head of BlackRock recently dropped a bombshell about the future of the dollar against Bitcoin , a sign that the lines are moving even in the highest spheres. Between hopes and vigilance, the success of cryptocurrencies will depend on a subtle balance: innovate without excluding, regulate without controlling. The train is moving, and its passengers do not intend to get off.