Cryptocurrencies XRP and Ethereum demonstrated significant growth amid new economic measures from Donald Trump, while stock markets faced serious downturns.
Rising Trade Tensions and Altcoin Surge
Recent statements by Donald Trump regarding the imposition of new tariffs up to 41% on several economic partners heightened risks in the equity markets, leading to a 3.33% decline in the S&P 500 in just one day. In contrast, XRP and Ethereum recorded increases of 4.5% and 2.7% respectively, indicating a potential detachment of these assets from classic macroeconomic dynamics.
Rebound Led by Altcoins
By Monday, the cryptocurrency market witnessed an unexpected recovery, primarily driven by XRP and Ethereum. This rebound was spurred not by the leading asset Bitcoin, but by specific altcoins like Ethena, which surged 10.8%. Investors seem to begin distinguishing assets based on their short-term potential, as reflected in the forecasts indicating a 64% probability for an XRP ETF and a 54.4% chance for Ethereum.
Crypto Market Potential Amid Uncertainty
While the overall mood in the cryptocurrency market remains unstable, recent shifts in favor of certain assets, such as Stellar (+8.1%), illustrate structural resilience in the sector. This suggests that the crypto market exhibits flexibility, allowing specific assets to rise even amid high macroeconomic uncertainty.
The cryptocurrency market, despite external challenges, shows signs of resilience and the ability to respond to demand changes, indicating its unique role in contemporary financial conditions.
