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Bitcoin, Ethereum Recoup Losses As Trump Halts Tariffs on Canada, Mexico


Bitcoin: Facing Resistance at $100K
Bitcoin, the largest cryptocurrency by market capitalization, has been facing strong resistance near the $100K mark. Despite multiple attempts to break through this level, Bitcoin has been unable to sustain above it. This has caused some concern among investors, as a failure to break through this resistance could potentially lead to a drop in price. The current price of Bitcoin is hovering around $96K, with some analysts predicting a possible drop to $94K if the resistance at $100K holds.

Ethereum: Rebounding Towards $4K
Ethereum, the second largest cryptocurrency, has been on a downward trend in recent weeks, dropping from its all-time high of over $4K. However, it seems that Ethereum is now eyeing a rebound towards the $4K mark. This could be due to renewed interest in decentralized finance (DeFi) projects, which are built on the Ethereum blockchain. As DeFi continues to gain popularity, it could potentially drive up the demand for Ethereum and push its price back up towards $4K.

Rising U.S.-China Trade Tensions and Crypto Market Volatility
Apart from technical factors, the crypto market is also being influenced by global events. In particular, the rising tensions between the United States and China have been causing increased volatility in the crypto market. As trade tensions escalate, investors are turning to cryptocurrencies as a hedge against traditional markets. This has led to increased buying pressure, driving up the prices of cryptocurrencies such as Bitcoin and Ethereum. However, any further escalation in trade tensions could also lead to a drop in the crypto market, as investors may choose to cash out and seek safer investments.

Crypto Tickers and Trending Hashtags
As always, it's important for crypto investors to keep an eye on the latest news and developments in the market. This includes monitoring crypto tickers for real-time price updates, as well as staying updated on trending hashtags on social media platforms such as Twitter. These hashtags can provide valuable insights into market sentiment and help investors make informed decisions. Some popular hashtags in the crypto space currently include #Bitcoin, #Ethereum, #DeFi, and #CryptoTrading.

In conclusion, while Bitcoin faces resistance near $100K and Ethereum aims for a rebound towards $4K, it's important for investors to also keep an eye on external factors such as trade tensions. Staying updated and informed can help navigate through the volatility in the crypto market and make the most out of potential opportunities.


Sentiment Result: Neutral

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