Bitcoin fell below $75,000 during the Asian morning. This drop came as S&P 500 futures experienced a 2% loss after the U.S. increased tariffs on China to 104%. The Australian dollar, sensitive to China’s economic health, hit a five-year low of 0.5913 against the U.S. dollar. The U.S. Treasury market also showed signs of a potential liquidity squeeze. Sentiment briefly improved when China expressed willingness to communicate on trade issues without announcing new tariffs on U.S. imports. However, this optimism faded when China raised tariffs on U.S. goods from 34% to 84%, causing Bitcoin to fall back below $76,000 after a brief rally to around $77,000. In the broader crypto market, the TRUMP token hit record lows near $7.5, down 90% from its peak, with a $360 million unlock scheduled later in the month. Meanwhile, BlocScale’s seed sale for its native token BLOC saw over 35% of its allocation claimed, indicating strong interest from early investors and XRP enthusiasts.
Global Rashid
@globalrashid007
·
Apr 8 Interesting fact
BTC supply in Loss: 5,124,348 BTC (25.8%)
That’s a significant chunk of the circulating supply sitting in the red. While it might seem alarming, it’s not unprecedented.
In fact, we saw similar dips in 2024:
– Jan 22: 24.1% – 4.72M BTC
– July 06: 22.4% –
Danielle Fong
@DanielleFong
·
Apr 6 *wets my thumb with spit, sticks into the wind*
uh, well, since bitcoin just went from uncorrelated to correlated (and i’m guessing a correlation of, uh, 1), and is now trading below $80k, I’m thinking the margin call sell off hit crypto and
MeCK
@0xdefi_MCK
·
Apr 7 The crypto market’s buckling under Trump’s trade war storm, pessimism’s king right now!
+ Bitcoin: dumped 8% to $77.1k, lowest since March.
+ Ethereum: crashed 15.5% to $1.537, down 55% YTD.
+ Altcoins: bleeding 5-15%, $890M liquidated.
I think BTC’s dominance at 63.3%
that stock chick
@ausstockchick
·
Apr 6 Not even #bitcoin could escape the sell off.
Bitcoin just had its worst quarter since 2015. Falling nearly 12%.
A transfer of 1,928 BTC to a major exchange, valued at approximately $159.8 million US has traders concerned.
Bitcoin is currently down over 5%
#news
MetaEra
@MetaEraHK
·
Apr 6 Bitcoin Price Tumbles Below $79K Ahead Of Incoming Bloody Monday Open
According to
@CoinMarketCap
data, the cryptocurrency market is bleeding and Bitcoin is carrying its fair share after losing nearly 6% over the last day. The steep decline saw Bitcoin dip under $80K and slide
Pav
@pav_eth
·
Apr 7 The market is bleeding and bags are burning.
• BTC has dropped below $78K
• Over $280B has been erased from total market cap
• $1.38B liquidated from 280k+ traders in 24h
87% of liquidations were longs and everyone thought the pump was almost here
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