2025 has already been a roller-coaster ride, and it is just the fourth month of the year. The escalating trade war, cascading crypto prices, and revamped regulatory landscape have already made the year exciting. Amidst all of these, the cost of our favorite crypto is gradually cascading.
The Cascading Effects Of Crypto
At press time, BTC is trading near the 76,672.22 mark with a 0.52% uptrend. This trend is not limited to BTC; in fact, it can be seen all over the landscape. Apart from BTC, other tokens like SOL and XRP also show a major downtrend.
Another industry giant, ETH, has also taken some massive hits. The selling pressure on the crypto has hit rock bottom at $1,396 from the overall daily high of $1,580, a considerable 15% drop in the past 24 hours. At press time, the token is trading at $1,445.
In a similar fashion, XRP has also hit rock bottom. In just a few hours, the token has dropped by 8%. As a result, it is currently trading at $1.77. Not only that, but other leading altcoins like SOL, ADA, and DOGE have also declined by 7% in the past 24 hours.
On the other side of the spectrum, we have tokens like GAS, AERGO, VIDT, and FORTH that are showing some positive traction. Therefore, we believe the recent developments in the financial and political spheres have stopped people from investing their time and money in popular cryptos. Instead, they are going for the underrated ones.
