The cryptocurrency market has lost over $1.3 trillion in valuation since U.S. President Donald Trump's second term began.
Bitcoin (BTC) is retesting a support level of $78k and may continue in a bearish sentiment until major global central banks kickstart quantitative easing.
Ethereum (ETH) closed below a crucial support range and a consistent close below $1,760 may trigger a heavy selloff in the coming weeks.
XRP is forming a potential reversal pattern and if the support level around $2 is not defended, a selloff towards $1.5 is expected.