Crypto markets are now reacting to what looks like a full-scale economic crisis – with global stock futures crashing, Asia opening in freefall, and U.S. investors bracing for another Monday bloodbath.
Ethereum has broken through the $1500 level and is trading around $1470. Bitcoin is barely holding above $75,000. XRP has collapsed by over 22% in the last 24 hours, now sitting at $1.66 – its lowest level since November. Across the board, digital assets are deep in the red, and there’s no sign of a bottom yet.
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The Crash Accelerates
Across the top 100 tokens, everything is red. The vast majority are posting double-digit losses – including Bitcoin, down 10%. Even Pi Network – which was briefly green just a few hours ago – has slumped back to $0.55.
Still, there’s a strange calm in the numbers: nothing has collapsed outright. Even Berachain (BERA), today’s worst performer, is “only” down 26%. That might not sound like good news, but in a market like this, the absence of 50% collapses feels almost like a victory.
Ethereum Breaks $1500, XRP Gets Crushed
Ethereum lost the $1500 level today, and the selling hasn’t stopped. With no major support until the mid-$1300s, analysts are warning that another leg down could come fast if equities open in freefall.
XRP’s collapse is even more brutal. Less than a week ago, it was holding above $2.10 and being talked about as a safe haven altcoin. Now, it’s one of the worst-hit tokens on the board.
The ETH/BTC ratio continues to trend lower, but the broader story is that almost no altcoin is offering protection. Solana, Dogecoin, and Cardano are all down more than 18%. Avalanche, Near, Toncoin, and others aren’t far behind.
Futures Signal Historic Sell-Off
Global markets are set to open to chaos.
Asian equities started the session deep in red. Japan’s Nikkei 225 is down over 7%, and the Shanghai Composite has dropped nearly 8%. But that’s just the start.
U.S. stock futures crashed at the open on Sunday night. The S&P 500 futures fell more than 4%, Nasdaq futures dropped over 4.5%, and Dow Jones futures sank by around 1,000 points. Oil is also down sharply – now trading under $60 for the first time since 2021.
This follows the worst week for Wall Street since 2020. The Nasdaq officially entered a bear market on Friday. The S&P 500 is down 17% from its February highs. And it’s all happening before Monday’s opening bell.
Trump Comments On Falls
President Trump, facing growing pressure from investors and foreign governments, made it clear over the weekend that he’s not backing off:
I don’t want anything to go down, but sometimes you have to take medicine to fix something.
Meanwhile, his economic team fanned out across Sunday shows, doubling down. Commerce Secretary Howard Lutnick said the tariffs are “definitely going to stay in place for days and weeks.” Treasury Secretary Scott Bessent said he doesn’t expect a recession. Top adviser Kevin Hassett insisted this isn’t a bluff or a tactic.
Tariffs are already live: 10% on almost all imports started Saturday. Another wave – 20% to 34% on “unfair” trading partners like the EU and China – hits this Wednesday. Canada, China, and the EU have all announced or are preparing retaliatory moves. Prices are already rising in sectors tied to autos, electronics, and food.
What to Watch in the Next 24 Hours
Crypto is already down hard – and things could get worse if stocks don’t stabilize at the open.
Bitcoin’s $74,000 level is the first major support to watch. If that fails, analysts point to the $68,000 zone as the next likely stop. Ethereum is dangerously close to freefall territory unless it finds support near $1450
The pressure is now fully on the Fed and global central banks. But with inflation expected to rise from tariffs, any rate cuts seem even less likely – meaning monetary support may not be coming anytime soon.
If U.S. markets open with losses near current futures levels, this could be one of the darkest Mondays in years. And crypto, as always, is trading ahead of the chaos.
It’s important to remember that the current volatility is caused by external events – crypto itself is not at fault. You can read why we’re still optimistic about it here.
