Why Altcoins Were Flopping on Friday
From Nasdaq: 2025-05-30 19:29:00
Cryptocurrencies took a hit on Friday as global trade concerns dampened investor sentiment. Ethereum, Solana, Chainlink, and Dogecoin all saw declines of varying degrees. Trade war fears continued to weigh on markets, with recent legal reversals adding to uncertainty. Despite the challenges, some see potential for bargain hunting in the crypto market, particularly with Ethereum and utility coins.
Investors are advised to consider the impact of the ongoing trade war on cryptocurrencies and potential buying opportunities. While trade tensions persist, some coins may present value for investors willing to weather the storm. Ethereum remains a key player in the market, and utility coins could offer long-term growth potential. It’s important to weigh the risks and rewards before making any investment decisions in the current market climate.
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