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Bitcoin prices fell to less than 75,000 dollars on Monday, April 7, the lowest level since mid -March, as investors’ reaction to the escalation of trade relations between the United States and China. Coinmarketcap data, as part of a broader sale, has revealed via sales and traditional markets, which threw about 6 % in 24 hours, and Coinmarketca data, as part of wider sales via both encryption and traditional markets.
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The United States of Chinese War War finds panic in the market
This sharp decline comes after US President Donald Trump recently imposed a high tariff and anti -measures by Beijing. Commercial tensions have been sent Shock waves across global markets, With Wall Street has its worst decrease since the Covid-19s. On Friday, April 4, the S&P 500 index decreased by 6 %, Dow Jones Industrial MEVERGAL reduced by 5.5 %, and the NASDAQ technology compound decreased by 5.8 %.
The market commentator Charles Gaspino warned on Twitter that “Monday is formed to be the day of the final pain”, and that investors must prepare for more sale pressure with the opening of the markets this week. These expectations seem to advance to its fruits as Bitcoin trades between $ 74,000 and $ 75,000, which is much lower than last week.
Breaking: One of the main market analysts told me, “On Monday, it is formed to be the day of the final pain.” Another: “Some gentle purchases are really especially in financial statements.” They say the dispute makes the market! The development of the story
Charles Gasparino April 6, 2025
Hit ethereum and Altcoins more powerful than Bitcoin
Bitcoin also lost, Other cryptocurrencies decreased Even deeper. Ethereum, the second largest encrypted currency, by maximum market, lost by 13 %-more than twice the low rate of bitcoin. The other well -known altcoins fell hard, with the loss of Sol and DOGE more than 10 % in one day. ADA decreased by 10.40 %, while XRP and BNB lost 7 % and 6 %, respectively.
The global market value of the coded currency is currently $ 2.62 trillion, as the majority of higher currencies fail to find support. Even with the low prices, trading volume has jumped 24 hours of Bitcoin to $ 26 billion-by 80 % over the past 24 hours-which indicates strong levels of market activity during the sale process.
Investors resort to government reserves for encryption for possible relief
There is a potential silver lining in the chaos of the market. According to Patel, CEO and co -founder of Mudrex, US government agencies will reveal their encrypted origins today. “The great confirmation may lead to a relief gathering,” Patel said.
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Market morale is still weak with an index of fear and greed towards what is the term experts “Extreme fear”. This indicator indicates that the panic was controlling the trends of modern market instead of choosing a proper investment.
According to market monitors reports, Bitcoin now has a decisive technical test. “Bitcoin must restore $ 80,000 or will lead to a re -test of its previous height at all about 74,000 dollars,” Patel added. This is the highest previous level ever, which was previously wandering as a milestone, is now a potential support level that traders want to stop low prices.
Distinctive image from Gemini Imagen, the tradingvief chart
