Why Is Crypto Down Today, Best Crypto to Buy as Canada Tariffs Eased

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.

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.

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.