The post Tariff Fears Spark $161M Sell-Off in Spot BTC & ETH ETFs – What’s Next for Crypto? appeared on BitcoinEthereumNews.com.

Bitcoin could decline by 6.5% to reach its next support at $77,400 if it remains below the 200 EMA. Ethereum could decline by 15% if it breaches a key level of $1,780. The tariff tension is already impacting the cryptocurrency market, with assets experiencing a massive price decline as investors take strategic action ahead of today’s announcement. Tariff fears in the crypto market  Since Donald Trump’s presidential inauguration in the United States, the overall cryptocurrency market has fallen significantly and is set for further decline as his tariffs show no signs of ending soon. On the 2nd of April, a crypto analyst shared a post on X (formerly Twitter) stating that spot Bitcoin ETFs saw a $157.8 million outflow, while spot Ethereum ETFs saw a $3.6 million outflow on the 1st of April. This indicates that investors are withdrawing their money from these assets. Large outflows are often seen as a bearish sign, as they can create selling pressure and lead to further price declines. Meanwhile, the post on X also noted that institutions are reducing risk ahead of today’s tariff announcement. Current price momentum  Despite these uncertainties, BTC and ETH remain positive, holding gains of 1% and 0.35%, respectively, over the past 24 hours, unlike other cryptocurrencies. According to CoinMarketCap data, BTC was trading near $84,300, while ETH traded near $1,860. However, the asset’s price gains appeared to be fading, as the daily chart flashed signs of a potential decline. The king coin has successfully retested the breakdown of the ascending channel pattern and is now facing a price drop after encountering resistance at the 200-day Exponential Moving Average (EMA) on the daily timeframe. Based on recent price action and current market sentiment, if BTC remains below the 200-day EMA, there is a strong possibility it could decline by…

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Filed under: News - @ April 2, 2025 5:20 pm