The last 24 hours have been quite eventful for people holding DOGE. In just a few hours, the token lost its 3% value, while BTC and ETH remained flat on most accounts. Even though the fear of a tariff hike has subsided, the clouds of recession are still prevalent in the financial skies.
Augustine Fan, head of SignalPlus, told CoinDesk that “Prominent financial figures have started to warn that the U.S. is heading into an imminent recession, with betting markets placing 40% to 60% odds of one happening in 2025.”
Fan further added, “Our view is that it probably doesn’t matter, as sentiment often frames reality, not the other way around.” This means that the market is anticipating a crashout.
https://x.com/vechainofficial/status/1911817066887197012?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1911817066887197012%7Ctwgr%5Ec200036541372d544e7f20386f88553558371d26%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Furl%3Dhttps%3A%2F%2Ftwitter.com%2Fvechainofficial%2Fstatus%2F1911817066887197012Fan added, “As such, crypto has benefited from the recent shake-out, as equities have been realizing higher volatility than Bitcoin through the risk-off move. A beggar-thy-neighbour policy with tariffs has pushed spot gold to ATHs, with BTC finally regaining some of its long-lost ‘store of value’ narrative.”
This cascading effect is not limited to a single coin. In fact, MANTRA lost a whopping 88% of its market value. However, MANTRA’s crash-out is supposedly hinting at an exit scam. Overall, the second week of April has not been kind to crypto investors.
This slowdown has put people on edge. People who were looking to make a quick profit via trade came to a rude awakening. Therefore, it is high time that traders develop strategies that can help the cause.
