A recent U.S. tariff announcement has shaken financial markets, resulting in the worst trading records since March 2020, according to a report by Glassnode. This shift in market sentiment has slowed investment into mainstream cryptocurrencies, leading to reduced liquidity and increased volatility. Notably, Bitcoin and Ethereum have been experiencing less pronounced sell-offs with each price dip, suggesting that short-term selling pressure may be nearing exhaustion. 📊 The total market capitalization of altcoins has also shrunk significantly, falling from $1 trillion in December 2024 to $583 billion. Interestingly, on-chain analysis indicates that $93,000 is a crucial psychological level for Bitcoin, requiring a regain to momentum, while the support zone of $65,000 to $71,000 remains critical for bulls looking to stabilize prices.