XRP and Solana led altcoin-based exchange-traded product (ETP) inflows for the week ending March 21, with $6.71 million and $6.44 million, respectively. Other altcoin inflows remained modest, with Polygon (MATIC) at $400,000 and Chainlink (LINK) at $200,000.

Ethereum Outflows Weaken Altcoin Market

However, the overall sentiment toward altcoins remained mixed, as Ether (ETH) alone experienced significant outflows totaling $86 million. Other notable outflows included Sui (SUI) with $1.3 million, Polkadot (DOT) with $1.3 million, and Tron (TRX) with $950,000.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Despite this, Bitcoin (BTC) led the recovery in digital assets, recording inflows of $724 million, snapping a five-week negative streak. Altcoins struggled, particularly due to Ethereum’s substantial outflows, but the total inflows amounted to $644 million.

United States Dominates Digital Asset ETP Inflows

According to CoinShares, the majority of inflows came from the United States, largely driven by BlackRock’s iShares Bitcoin Trust (IBIT). In Europe, Switzerland led with $15.9 million, followed by Germany at $13.9 million and Hong Kong at $1.2 million.

Solana and XRP were standout performers despite the overall altcoin outflows. Solana saw a surge following the introduction of the first Solana futures exchange-traded funds (ETFs) in the U.S., potentially paving the way for spot Solana ETFs in the future.

XRP, on the other hand, gained significant momentum following the dismissal of the long-running lawsuit filed by the SEC against Ripple Labs.

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Trump’s Tariffs and Their Market Impact

According to a February 1 statement from the White House, Trump has implemented a 25% additional tariff on imports from Canada and Mexico and a 10% tariff on Chinese goods. Energy resources from Canada will face a lower 10% tariff.

Trump justified his decision by stating that it was necessary to “hold Mexico, Canada, and China accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.”

However, market sentiment suggests that these tariffs could increase inflation and lead to higher interest rates, pushing investors away from riskier assets like crypto and towards traditional investments such as bonds and fixed deposits.

Countries Respond Quickly!

In response to Trump’s decision:

• Canadian Prime Minister Justin Trudeau announced a 25% tariff on $106.5 billion worth of U.S. goods.
• China’s Ministry of Commerce stated it would file a complaint with the World Trade Organization (WTO) and take corresponding countermeasures.
• Mexican President Claudia Sheinbaum said on X that she has instructed the Secretary of Economy to “implement Plan B,” which includes “tariff and non-tariff measures in defense of Mexico’s interests.”

Shortly after these retaliations, Bitcoin (BTC) fell below the psychological $100,000 level, hitting $99,111 for the first time since January 27. As of publication, Bitcoin is trading at $99,540.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

According to CoinGlass data, $22.70 million in long positions were liquidated in the four hours leading up to publication.

Crypto Community Divided Over Market Impact

The crypto industry is split on the impact of Trump’s tariffs on the broader market.

Crypto Capital Venture founder Dan Gambardello dismissed the panic, saying, “I cannot believe there’s a popular opinion floating around that Trump tariffs and his memecoins ended the bull cycle.”

Bitwise Invest’s head of alpha strategies, Jeff Park, argued that in the long run, “a sustained tariff war will be amazing for Bitcoin.”

However, Cinneamhain Ventures partner Adam Cochran had a different view, stating that Bitcoin is not separated enough from global markets and now trades like triple-leveraged tech.

“An economic squeeze of this scale just means pain all around, and we should be okay with denouncing that,” Cochran said.

Bitcoin’s recent drop once again highlights its connection to global economic policies. As the markets closely watch Trump’s trade decisions and potential new sanctions, Bitcoin and other crypto assets face continued uncertainty.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin Falls Below $100K: Trump’s Tariffs Shake the Market! appeared first on Coin Engineer.

In this article, we’ll explore common pitfalls investors encounter in cryptocurrency investments and provide strategies to avoid them. Let’s dive in together!

1. Going All In

Many investors tend to aim high during a bull market, driven by the profits they’ve gained. However, it’s important to remember that predicting market peaks is nearly impossible. Setting a goal like “I’ll wait until the very top and sell then” puts your investment at risk. Instead, consider securing profits by selling in intervals once you start making gains.

2. Falling for FOMO

FOMO (Fear of Missing Out) is a psychological trap that leads investors to make impulsive and poor decisions. When you see significant price increases, avoid rushing to open a position without considering the possibility of a market correction. Markets always offer new buying opportunities. The key is to stay patient during corrections and stick to your strategy. Avoid panic buying and remain disciplined.

3. Ignoring Risk Management

In a bull market, everyone—regardless of their knowledge level—can make money for a while. However, this often creates unwarranted confidence. New investors, especially, may neglect risk management when they start seeing big profits. Putting all your money into one project or taking on excessive risks can lead to significant losses. Diversify your portfolio, only invest what you can afford to lose, and continuously manage your risk.

4. Acting on Emotions

It’s challenging to control your emotions when markets are volatile. Avoid panicking and selling when you see red candles, or investing all your funds when you see green candles. Instead, build a rational investment strategy and stick to it. Success in this market is 80% emotional control. Additionally, investing all your funds in crypto can lead to stress and poor decisions.

5. Not Doing Enough Research

Before investing in a project, gather information about its history, team, market value, and technology. Platforms like CoinMarketCap can be incredibly useful for analyzing such data. For instance, details such as a project’s market capitalization, price history, all-time highs (ATH), and blockchain network can help you evaluate it. Even professional investors never skip research, so making blind investments can lead to significant mistakes.

By avoiding these common mistakes and sticking to a disciplined approach, you can navigate the crypto markets more effectively and safeguard your investments. Happy investing!

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Mistakes That Will Sink You During Bitcoin and Cryptocurrency Surges! appeared first on Coin Engineer.

Two days following Haru’s latest update stating “no information,” South Korean prosecutors disclosed the arrest of Haru Invest’s CEO along with two additional executives. Established in 2019, Haru Invest ran a cryptocurrency yield platform promoting annual interest rates of up to 12% on cryptocurrency deposits. South Korean authorities have detained multiple executives from the troubled cryptocurrency yield platform Haru Invest, which had ceased payouts in June 2023.

According to a report by the local news agency Yonhap on February 6, the Virtual Asset Crime Investigation Unit of the Seoul Southern District Prosecutors’ Office has apprehended three key individuals associated with Haru Invest. Prosecutors reported that among those detained were Haru Invest’s CEO and two other executives. These individuals face allegations of embezzling 1.1 trillion won ($830 million) in cryptocurrency from 16,000 customers of Haru Invest. Prosecutors allege that Haru Invest executives misappropriated the majority of the coins deposited by customers through reinvesting the assets from March 2020 to June 2023. They purportedly misrepresented Haru as a stable company employing “risk-free, diversified investment techniques.

Embezzlement Allegations and Withdrawal Suspensions Rock Haru Invest

The revelation comes shortly after Haru Invest released another “no information” update. The company used X on Feb. 4 to indicate that there are “no particular updates to share this week.” The announcement, signed by Haru Invest CEO Hugo Lee, states: “As of now, no information is available regarding the investigations and overall situation following the detention of Bang Jun-ho, the major shareholder of B&S Holdings. We continue our various efforts for asset recovery as we have been doing.” Haru Invest abruptly stopped allowing withdrawals on June 13, 2023. Shortly after, Delio, a depository and management company with investments in Haru Invest, also halted withdrawals on the subsequent day. In response to the situation, Haru Invest claimed that the issues stemmed from alleged fraudulent activities by the consignment operator B&S Holdings, previously known as Aventus.

Investor Backlash: Haru Faces Class-Action Lawsuit After Withdrawal Suspension

After the withdrawal suspension, Delio and other impacted investors filed a class-action lawsuit against Haru in June 2023.

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