Here is the current situation in the cryptocurrency market in the USA (and globally), with particular emphasis on the USA:
🔍 Key observations and events — as of today
1. Strong correction / sell-off after the announcement of US tariffs on China
The market experienced a sharp wave of selling after the US imposed 100% tariffs on Chinese technology, raising concerns about further escalation of the trade conflict.
In one day, approximately 19 billion USD of leveraged positions in cryptocurrencies were wiped out.
As a result of this sell-off, many long (leveraged) positions were liquidated, causing a domino effect.
2. Decrease in sentiment, reduction of risk appetite
Investors are moving towards safe assets (e.g., gold) in response to macro uncertainty and geopolitical tensions.
Supply and selling pressure outweigh demand in the short term.
3. Period of “bottoming” and possible consolidation / rebound
After large liquidations, the market often goes through a stabilization phase — absorbing sales, adjusting maker strategies, and allowing demand to re-enter.
The prospect of a “V-shaped rebound” is less likely than a gradual emergence from the bottom, with various levels of resistance and support being tested along the way.
4. The role of regulatory instruments, ETFs, and institutional flows
The USA continues to dominate capital inflows into cryptocurrency ETF funds — which shows that despite the turbulence, institutions are still seeking exposure to this market.
In the longer term, regulatory factors (e.g., the GENIUS Act for stablecoins) and institutional acceptance will be crucial.
✅ Conclusions and key levels to watch
Today, the market is in a phase of “waiting and sideways” — many participants are choosing caution, reducing exposure, and waiting for clearer macro/regulatory signals.
In the short term, support levels will be important —
A strong rebound above resistance (e.g., a return above 120,000 USD) could attract buying capital.