Bitcoin Price has fell below $ 80,000 for the first time since March 11th. It is currently trading around 79 thousand dollars and approaching the previous bottom slightly below $ 78 thousand.
Ethereum, Solana and other Altcoins are also seriously losses. ETH is trading around $ 1,600 since October 2023.
Between 19:00 and 20:00, the ruler was liquidated $ 200 million in crypto positions. This happened when prices fell and the traders borrowed money to bet at higher prices automatically closed their positions. These forced sales further reduced prices as the positions continued to be erased.
Only in: $ 200,000,000 from the crypto money market in the last 60 minutes.
– Watcher.guru (@watcherguru) April 6, 2025
Stock market accident is dragging crypto
S&P 500 Today, a large market decrease fell by 6% today. Analyst Doctor Profess told 400,000 x followers that the stock market fell 10% in just two days – something that happens only four times in the stock market history.
When the stocks fall hard, fear spreads to all investments. Investors usually receive money from risky assets such as crypto to meet losses or switch to safer options.
The stock market fell 10% in two days, which was only four times on the entire history of the stock market. I am preparing a warning and shorts a long time ago, the only thing I heard was the critics who made me much safer in this regard.
– Doctor profit 🇨🇭 (@drprofitcrypto) April 6, 2025
The markets still feel the impact of President Trump’s new tariffs on 185 countries announced this week. These trade restrictions shocked global markets as people worried about their impact on trade and economic growth.
The crypto usually follows the stock market, especially during large market moves. When the stocks fall, the crypto usually falls even more difficult because it is more variable.
Read also: Bitcoin Bull Market Ovar, Crypto Specialist warns: Do not expect a quick recovery
Shows the markets of the market
Total crypto market Daily RSI (Relative Force Index) is currently 27. When this number falls below 30, it means that the market usually sells excessively and may be close to a bottom.
Low RSI numbers may indicate that sales pressure may be exhausted, but during strong decreases, the markets can be sold for a while before healing.
During market situations like this, it is often best to sit tight and limit trade activities. Ethereum’s trading fees have fallen to the lowest levels since 2020, and as traders stepped back from the market, they showed extremely low network activities. Historically, these extreme fear and low activity periods often have usually come before the final market recovery, but the exact base is almost impossible to timed.
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