The global cryptocurrency market cap has decreased by over $200 billion in the past week, while the altcoin markets have lost more than $20 billion in the last 24 hours. The market has yet to respond positively to a press conference held by US Crypto Czar David Sacks. The trade tariffs announced by US President Donald Trump on January 31 are said to be the reason for the decline. Major cryptocurrencies like Ripple (XRP), Dogecoin (DOGE), and Cardano (ADA) have all experienced significant declines. XRP is facing resistance at around $2.8 and $3, and technical analysts warn that it must hold above $2.50 to avoid further declines. DOGE has lost 20.1% in the last week and remains in a downward trend. ADA has yet to break the $2 mark and is expected to continue corrective movement towards the lower bound of its descending channel.



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