Why Is Crypto Down Today, Best Crypto to Buy as Canada Tariffs Eased
12 Marzo 2025 - 3:13PM
NEWSBTC
Donald Trump has decided not to double tariffs on Canadian aluminum
and steel, offering a sigh of relief to the US stock market. The
decision to retract tariffs on Canadian metals came after Canada’s
announcement that it wouldn’t go ahead with its plan of retaliating
against the US. Canada had earlier decided to impose a 25% tax on
the electricity it sells to the US. Moreover, a meeting has been
scheduled for Thursday with the agenda of reaffirming the trade
pact between the US, Canada, and Mexico. This could also be a good
sign for the crypto economy, seeing as Trump’s tariff announcements
were one of the biggest catalysts in driving down crypto prices.
The Crypto Market Is Currently in a Correction – And It’s Healthy
Glassnode, an onchain analytics firm, reported that the current
selling pressure in $BTC is being driven by ‘top buyers.’ These are
investors who bought the cryptocurrency at the $109K high. The
ongoing panic selling might suggest otherwise, but the truth is
that this is how markets move – fleshed-out periods of
downward/sideways movement after a long rally. Correction, in other
words. Although we’re seeing short-term investors liquidating $BTC
to cover even riskier leveraged bets, long-term bulls
(institutions, people like Michael Saylor, and even entire
countries like El Salvador) are buying more and not sweating the
monthly price action. One look at Bitcoin’s weekly chart and
there’s hardly any arguing about crypto’s overall bullish outlook.
$BTC is currently showing as many as three prominent bullish signs:
Good support at the 50% Fibonacci level Even better support on the
50 EMA (Exponential Moving Average). This is a strong confluence.
It’s forming a textbook-perfect hammer candlestick pattern, which
is typically associated with market bottoms. Once everyone gets the
liquidity they need, $BTC will be used as a hedge, alongside gold,
real estate, and other safe commodities. This means now’s a great
time to beef up your crypto portfolio with some fundamentally
strong tokens that can ride Bitcoin’s upcoming rally. In this
article, we’ve highlighted a few of the best cryptos you should
consider purchasing. 1. BTC Bull Token ($BTCBULL) – Best Crypto to
Buy to Get Behind Bitcoin’s Growth Although Trump’s recent tariff
announcements might have been the reason Bitcoin slid further down,
a deep correction after such a long rally was always on the cards.
You can rest assured that Bitcoin will get a breather sooner rather
than later, following which we can see heavy accumulation zones
acting as demand zones and shooting
$BTC to new highs. Now is therefore the best time to
back Bitcoin’s fundamentally strong narrative and invest in a coin
like BTC Bull Token ($BTCBULL). After all, it’s the first-ever and
the only meme coin that gives free (and real) $BTC to token
holders. These giveaways (via airdrops) will take place every time
Bitcoin reaches a new milestone, such as $150K, $200K, and $250K.
By linking its $BTC airdrops to the underlying crypto’s price, BTC
Bull Token has more or less ensured its place among the top
trending cryptos. All you have to do to claim your $BTC rewards is
hold your $BTCBULL tokens in Best Wallet – one of the best
crypto wallets going around. Additionally, there will also be
regular token burn events, ensuring $BTCBULL never falls out of
favor with the market. The BTC Bull Token presale is currently live
and thriving, having already raised over $3.5M. You can buy 1
$BTCBULL for just $0.002405. 2. Best Wallet Token ($BEST) – Native
Crypto of the Best Wallet App There’s a reason crypto projects like
BTC Bull Token have opted for Best Wallet as their crypto
wallet of choice. That’s because it’s extremely secure and easy to
use, as well as laced with features that were so far unheard of in
the crypto space. Thanks to its comprehensive suite of features,
Best Wallet is on its way to capturing over 40% of the
non-custodial crypto wallet market by 2026. Luckily for smart
crypto investors like you, the app has a native token – Best Wallet
Token ($BEST). For instance, it’s the only crypto wallet that
allows its users to buy meme coin presales directly from within the
app. Combined with the fact that an in-house security team
evaluates every single token, you’ll not only benefit from
increased convenience but also security – no more worrying about
scam tokens or phishing websites. Investing in the $BEST presale
won’t just put you in a pole position to benefit from Best Wallet’s
growth, but it also comes with a few special perks. These include
lower transaction fees and higher staking rewards, as well as the
earliest access to high-potential presales. You can become an early
investor in Best Wallet by buying $BEST for just $0.0243. The
project has so far piled close to $11M, which is proof of the
potential it has. 3. XRP ($XRP) – Crypto Focused On Financial
Transactions 2025 has brought about a new dawn for XRP. First, the
SEC removed its long-drawn lawsuit on the crypto from its website,
hinting at the possibility of XRP finally gaining regulatory
clarity. Bitwise CEO Matt Hougan said yesterday that once the
lawsuit is officially dropped (or settled), XRP could rope in more
institutional partnerships and expand its application in
cross-border payments. This will then increase investor interest in
the token and result in a significant price appreciation. $XRP is
currently trading at $2.18, making it one of the best cheap cryptos
to buy now. It’s also worth noting that XRP is one of the five
cryptocurrencies to be included in the US Crypto Reserve announced
by the POTUS Donald Trump himself. The announcement resulted in a
whopping 30% increase in XRP’s price, following which it overtook
$USDT to become the third-largest cryptocurrency in the world.
Conclusion Trump taking his foot off the tariff pedal could just be
the first sign of him feeling the heat of a potential recession.
Even though it’s positive news, the market has a long way to go
before the possibility of a recession is completely behind it. This
means that while both the best cryptos and stocks are currently
available at massive discounts as we’re comfortably in ‘buy the
dip’ territory, you must exercise extreme caution while investing.
We urge you to do your own research before investing because the
markets are highly volatile. Also, none of the above is a
substitute for financial advice.
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