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# Bitcoin, Ethereum, and XRP Values Vulnerable as Nasdaq 100 Misplaces Crucial Assistance
After President Trump’s White House industry conference, cryptocurrency values have restarted their descending direction.
Bitcoin (BTC) has decreased from its weekly peak of $93,000 to $86,000, while other cryptocurrencies like Ethereum (ETH), Solana (SOL), and XRP have encountered decreases surpassing 1%. This reduction corresponds with forecasts created before the crypto.news conference.
## Nasdaq 100 Falls Under 200-Day Moving Average
Bitcoin and other cryptocurrencies may proceed to diminish as U.S. stock markets presently trend downward. The Nasdaq 100, which monitors the biggest tech firms, is approaching a technical modification, implying a 10% reduction from its current peak.
The index established a double top pattern at $22,137 and has fallen under the neckline at $20,565. A double top is one of the most pessimistic chart patterns in technical analysis.
The Nasdaq 100 has additionally fallen under its 200-day moving average, indicating a probable downtrend in the upcoming weeks. Furthermore, the space between the 200-day and 50-day moving averages is narrowing, increasing the chance of a death cross forming.
Other major U.S. stock indexes, such as the S\&P 500 and the Dow Jones, have additionally declined in current weeks. The S\&P 500 is down 6.3% from its year-to-date peak.
U.S. stock markets and cryptocurrencies frequently have a close connection, as they are both deemed risk assets. As demonstrated in the chart below, Bitcoin and the S\&P 500 have a high degree of connection. Toncoin (TON) Value Forecast for March 26th
Worries about stagflation in the U.S. have added to the reduction in cryptocurrency and stock values in current weeks.
Preliminary economic data implies that the U.S. may be confronting negative growth this quarter because of uncertainty caused by Trump’s tariffs. At the same time, already elevated inflation could be worsened as firms raise prices to offset the impact of the tariffs.
## Bitcoin, Ethereum, and Ripple: An Influential Conflict
Ethereum is presently hovering around the vital $2,000 support threshold, which, as you might recall, represents the neckline of that unpleasant triple-top configuration we observed close to $3,000. Should this configuration prove accurate, we might witness Ethereum falling to $1,500 or perhaps even less. Prepare yourself!
Bitcoin also doesn’t appear to be in great shape. Subsequent to establishing a double-top adjacent to $108,400, it’s balancing precariously on the brink. It has already descended beneath the $89,165 neckline and is poised to once more engage with the 200-day moving average. Should it breach this, anticipate a decline to that pivotal $73,550 support threshold – the summit we noted earlier in 2024.
Ripple’s price trajectory is portraying a pessimistic scenario featuring a head and shoulders configuration. Barring a breakthrough beyond the $3 mark on the right shoulder, we could be in anticipation of a precipitous decline.
And here’s the crucial point: should the US equity exchange persist in its downward trajectory, Bitcoin, Ethereum, and Ripple might all emulate this trend. The specialized indicators are undoubtedly suggesting further adversity on the horizon.
