The cryptocurrency market has faced a significant correction. Bitcoin (BTC) has fallen below the $94,000 mark. The original crypto has dipped more than 8% over the previous week. The global crypto market cap has slid 11.8% in the last 24 hours to $3.16 trillion.

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Cryptocurrency Market Reacts To Tariffs?

The latest market correction could be due to US President Donald Trump’s tariffs on Canada and Mexico. Trump has also announced tariffs on the European Union. Higher tariffs could lead to a dip in economic growth. Investor sentiment has taken a massive toll over the last few days.

The cryptocurrency market could be in the early stages of another bear market. The Fed’s hawkish monetary policy could also present a barrier to prices rebounding.

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Top 3 Cryptocurrencies To Buy During The Market Crash

1. Ripple (XRP)

Ripple’s XRP token has faced a significant correction over the last few days. The cryptocurrency may fall below the $2 mark. The dip could be an excellent opportunity for investors to buy more coins and bring their average cost down. The market crash also presents a good opportunity for new investors to buy into XRP.

2. Solana (SOL)

Solana (SOL) is another cryptocurrency that has faced a significant correction in the latest market crash. The asset has dropped below $200. The low prices could be a good entry point for new investors. The SOL network is anticipated to continue growing this year. Prices may rally in the coming months.

3. Dogecoin (DOGE)

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DOGE also faced a steep correction in the last few days. The cryptocurrency could witness a surge later this year. There is a high probability that DOGE will be included in X’s payment feature. DOGE could hit new highs sometime later this year.