Bitcoin experienced a significant drop, falling approximately $3,500 from $95,500 to below $92,000 in early trading. This was attributed to a potential new trade war between the US and Europe, with President Trump threatening tariffs. Meanwhile, precious metals like gold and silver are seeing strong gains, continuing their decoupling from digital assets. Ethereum's staking demand is also soaring, reaching 30-month highs, signaling strength for its upward price momentum. Analysts point to key cost basis areas around $3,170 for Ethereum, coinciding with the 21-day simple moving average (SMA), which bulls must hold to regain their footing. Investors are advised to protect their capital, manage risk, and be prepared for volatility.