Crypto Chaos: Will Trump’s Tariffs Tank the Market Until April? 🤔

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Ah, the crypto market—where hope and despair dance a tango, and Donald Trump’s tariff threats are the DJ. According to one crypto analyst, the market might not recover until April, thanks to the chaos unleashed by the former president’s trade war saber-rattling. 🎭

“Don’t hold your breath for those December highs on most altcoins,” warned crypto analyst Matthew Hyland in a Feb. 4 X post. “It’ll take at least two months, maybe longer. So, grab some popcorn and settle in for the long haul.” 🍿

History Repeats Itself, But Not in a Good Way

Hyland’s grim prediction stems from Feb. 3, which he dubbed the “largest liquidation event in crypto history.” Over $2.24 billion vanished from the markets in 24 hours, though some skeptics, like Bybit co-founder Ben Zhou, believe the real figure could be closer to $8-10 billion. 💸

This financial bloodbath coincided with Trump’s 25% tariffs on Canada, Mexico, and China, which he later paused after some diplomatic arm-wrestling. Meanwhile, Bitcoin (BTC) dipped below $100,000 for the first time since Jan. 27, briefly recovering before sliding back to $97,570. 📉

Hyland insists the “low is in,” but he’s quick to remind us that past events like the COVID-19 crash in 2020 and the Terra and FTX collapses in 2022 took months to recover from. “A straight recovery in days? Not happening,” he said. “Even the 2020 V-shaped recovery had plenty of dips along the way.” 🎢

So, buckle up, crypto enthusiasts. The road to recovery is long, winding, and probably filled with potholes. But hey, at least we’ve got memes to keep us company. 🚀

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2025-02-05 06:23