Binance Tightens Rules for South African Users Starting April 30

Donald Trump announced today that he’s instituting a 90-day pause on all tariffs except those on China. Bitcoin has surged over $80,000, while altcoins like XRP, Solana, and Cardano surged more than 10% in just minutes of the announcement.

The Dow Jones and stock market reacted similarly, surging by 2,000 points after the news. The US President has now added a total of 125% tariff on China, while pausing others.

Trump Reverses Tariff Plan

Since Donald Trump has made huge tariffs a cornerstone of his financial policy, the markets have reacted with massive uncertainty. For example, over $1 billion was liquidated from crypto markets this Monday, and false rumors of possible relief triggered more than $1 trillion in market gains.

In other words, the markets were very pessimistic that tariffs would cause a US recession. When Trump implemented 104% tariffs on China last night, crypto fell, and it fell again when China retaliated this morning.

Today, however, Trump has made a surprising reversal. Although he is increasing tariffs against China to 125%, he is repealing those on other nations.

This news immediately caused a substantial rally in the markets. At 1:30 PM Eastern Time, the Dow Jones responded by shooting upwards over 2000 points, and this was mirrored in other high-profile stocks.

The markets have been desperate for a form of relief, and it looks like it’s here.

Still, the erratic nature of Trump’s tariff strategy has left more than a few open questions. In his announcement, Trump only mentioned China’s retaliation strategy by name, lumping all other countries together.

However, a few crucial markets, like the EU, also retaliated. It is currently unclear how Trump will treat other actors, as China is his main target.

Open questions like this may continue to cause market uncertainty. As analyst Joe Wiesenthal pointed out, Trump has already caused a lot of economic chaos with his tariff threats alone.

Will he retaliate against nations other than China? Will former allies continue pulling away from the US? These live questions may frustrate long-term economic gain

The post Crypto Market Rallies over 5% As Trump Pauses All Tariffs Except China appeared first on BeInCrypto.

HBAR has recently experienced a significant price correction, pulling the altcoin to a critical support level. As the market conditions continue to show weakness, the price action has left HBAR vulnerable. 

However, this downside movement might be offering short traders a chance to avoid heavy liquidation losses.

Hedera Traders Stand To Lose A Lot

The liquidation map indicates a situation of concern for short traders. Approximately $30 million worth of short contracts are poised for liquidation if the HBAR price rises to $0.18. This could cause massive losses for traders who are betting against the asset. However, the current price range near $0.157 has provided some relief as the market struggles to breach lower support levels. 

If HBAR maintains its position above key levels, these traders may be spared the liquidation risk for now. Despite the challenging market conditions, this scenario actually provides a buffer for traders, helping them avoid significant losses.

The overall macro momentum for HBAR shows signs of potential downside pressure as the cryptocurrency approaches a Death Cross. The 200-day exponential moving average (EMA) is just over 3% away from crossing the 50-day EMA.

This technical formation, when confirmed, signals a possible continuation of the bearish trend and could push HBAR further down in the coming days.

The close proximity of these two EMAs has increased the chances of the Death Cross, which could result in further losses for HBAR holders. The market’s lack of substantial improvement and the growing uncertainty surrounding price action contribute to the likelihood of the Death Cross forming.

HBAR Price Holds Above Support

HBAR is currently trading at $0.157, holding just above the critical support level of $0.154. While it has managed to stay above this support for now, it remains vulnerable to falling through it if bearish sentiment intensifies. A break below $0.154 would likely trigger a deeper decline, with the next support level at $0.143.

If HBAR fails to hold the $0.154 support, a further drop could confirm the Death Cross formation. Should this scenario unfold, the price might continue downward toward $0.143, and further declines could follow, pushing HBAR toward $0.12 or lower.

On the other hand, if HBAR can bounce back from $0.154, a recovery rally is possible. Successfully flipping the $0.165 resistance into support could push the price toward $0.177. This movement would bring the liquidation scenario closer to reality, as short traders could face significant losses in a reversal.

The post HBAR’s $30 Million Short Liquidation Risk Eased by Death Cross: What Traders Need to Know appeared first on BeInCrypto.