President Donald Trump has vowed to increase U.S. tariffs on China beyond 100% within mere hours, prompting BTC and stocks to begin cratering again on Tuesday. 

• Trump announced plans to impose an additional 50% duty on U.S. imports from China starting Wednesday, in response to Beijing’s retaliatory 34% tariffs on U.S. goods, pushing total U.S. tariffs on Chinese imports to 104%.
• China’s commerce ministry labeled the U.S. tariff escalation as “a mistake on top of a mistake,” accusing the U.S. of a “blackmailing nature” and pledging to “fight to the end” if the U.S. persists.
• This comes after global stock markets steadied on Tuesday after days of turmoil, with European shares recovering from 14-month lows and Wall Street indexes rebounding amid hopes Trump might soften his tariff stance.
• As of writing, bitcoin has cratered back to $76,600, after briefly recoverin back above $80,000 early Tuesday.
• Liquidations in crypto remain high, including $287 million in trades ‘rekt’ in the past 24 hours, across over 99,000 traders, according to Coinglass. 
• Trump suggested a deal with China is possible, stating on social media that China “wants to make a deal, badly,” and that he’s awaiting their call, though aides indicated talks with allies like Japan and South Korea are being prioritized.

  

Ethereum (ETH) has plunged below a key metric known as its realized price, a level that often indicates market capitulation.

Observers say this means that ETH is now undervalued, with the asset trading at $1,570, down 16.7% this week and 56.6% in the last 12 months.

Why the Realized Price Matters?

According to pseudonymous CryptoQuant author “theKriptolik,” the realized price is a fundamental measure of investor psychology. Unlike market price, which fluctuates on the basis of trading activity, it calculates the value of ETH based on the last transfer price of each coin. Essentially, it shows the average cost at which all ETH last moved on-chain.

This metric now sits below the current market value, and, in theKriptolik’s analysis, when that happens, most ETH holders are in loss territory, possibly triggering two reactions.

First, it can lead to short-term panic selling as more investors see their positions in the red, especially during periods of heightened uncertainty, much like now, with President Donald Trump’s new trade policies wreaking havoc on both the traditional and crypto markets.

This fear-driven dumping pushes prices even lower, as seen when ETH briefly touched $1,431 before a slight rebound.

However, according to theKriptolik, whenever ETH goes below its realized price, it is usually followed by strong recoveries. In their opinion, such drops can mark prime accumulation zones as investors wait for subsequent rallies.

Bearish Short-Term

Nonetheless, the asset’s short-term outlook remains messy. After a tumultuous start to the year, when it registered one of its worst-ever performances in a quarter, ETH has continued its downward spiral.

Although at the time of writing it was up 5% in 24 hours, it fared worse than the broader crypto market over seven days, losing nearly 17% of its value compared to the market’s 8.8% in that time. Sentiment is also deteriorating fast, with the Fear and Greed Index sitting at 24, reflecting “fear.”

Adding to the complexity is the delay of Ethereum’s Pectra upgrade. Originally expected this month, it has been postponed to May 7. While not uncommon, such delays can shake confidence during already bearish times.

TL;DR

• Binance’s removal of 14 altcoins sent prices crashing, with CREAM and BETA sinking nearly 60% on the news.

• In contrast, the company’s support can lift prices, as seen when meme coin MEW jumped 15% after being added to Binance Alpha last week.

The Binance Effect

The world’s largest crypto exchange will remove 14 altcoins from its platform on April 16. Those include Badger (BADGER), Balancer (BAL), Beta Finance (BETA), Cream (CREAM), Cortex (CTXC), aelf (ELF), Firo (FIRO), Kava Lend (HARD), NULS (NULS), Prosper (PROS), Status (SNT), TROY (TROY), Unilend Finance (UFT), and VIDT DAO (VIDT). 

The delisting comes after a community voting and Binance revealed that a total of 24,141 participants took part. It is worth noting that only users who held a minimum balance of ​0.01 BNB in their accounts were eligible to cast a vote. 

The exchange explained that the tokens’ valuation will no longer be displayed in people’s accounts after delisting. 

“Deposits of these token(s) will not be credited to users’ accounts after 2025-04-16 03:00 (UTC). Withdrawals of these token(s) from Binance will not be supported after 2025-06-09 03:00 (UTC),” it added. 

The conversion of the removed assets into stablecoins before June 10 is possible, although Binance said that it “is not guaranteed.”

All cryptocurrencies that will be removed from the platform next week nosedived by double digits. CREAM and BETA were among the worst-affected ones, registering steep daily declines of almost 60%.

This shouldn’t come as a surprise since the end of support from a crypto behemoth like Binance reduces liquidity and damages the reputational value of the involved assets. 

The Opposite Outcome

Conversely, embracing a new cryptocurrency or adding further services often boosts the price of the asset in question.

A similar event occurred at the start of the month when the exchange placed the cat-themed meme coin Cat in a Dogs World (MEW) into its Binance Alpha section. The latter is a platform within the company’s ecosystem that highlights promising crypto projects. It acts as a pre-listing selection stage, potentially leading to official inclusion in the exchange.

MEW’s price soared by 15% shortly after the announcement, but the bears stepped in the following days and erased the gains.