Here is the reason for the collapse of the encryption market today: Bitcoin price decreased to less than 80 thousand dollars
Bitcoin price fell to less than 80,000 dollars today for the first time since March 11. It is now circulating about 79 thousand dollars, as it approached the previous below 78 thousand dollars.
Ethereum, Solana and other altcoins also takes severe losses. ETH is trading about $ 1,600 – its lowest price since October 2023.
Between 7 pm and 8 pm, 200 million dollars were ranked on encryption sites. This happened when the prices decreased and the traders who borrowed money for betting on the high prices from their sites automatically. These forced sales have caused prices to a further decrease with the continued elimination of positions.
Only in: 200,000,000 dollars classified from the cryptocurrency market in the past 60 minutes.
– Watcher.guru (Watchergaru) April 6, 2025
The stock market breaks down the encryption
S & P 500 6 % decreased today in the main market decrease. Analyst, Dr. Rabah, told his 400,000 × followers that the stock market decreased by 10 % in just two days – which happened only four times in the history of the stock market.
When this stock falls difficult, fear spreads to all investments. Investors usually withdraw money from risky assets such as encryption to cover losses or move to safer options.
The stock market decreased by 10 % in two days, this happened only four times in the history of the entire stock market. I have been warning and prepared the short pants for a long time. All I heard is the critics who made me more confident in that
Doctor’s profit(DrProfitcrypto) April 6, 2025
The markets still feel the influence of President Trump’s new tariff on 185 countries announced this week. These commercial restrictions shocked the global markets where people are concerned about their effects on commercial and economic growth.
Crypto usually follows the stock market, especially during the large market movements. When stocks fall, the encryption is often more difficult because it is more volatile.
Also read: Bitcoin Bull Market has ended
The market shows signs of the bottom
Total encryption market The number of daily relativity index (the relative power index) is now 27 years old. When this number decreases to less than 30, it usually means that the market is exaggerated and may be near the bottom.
Low RSI numbers can indicate that the pressure pressure may run out, but during strong declines, markets can remain increasing for some time before recovery.
During market positions like this, it is often better to sit tightly and reduce trading activity. Ethereum transactions fees have decreased to their lowest levels since 2020, indicating a decrease in network activity as traders retreat from the market. Historically, the periods of extreme fear and low activity have often preceded the ultimate recovery of the market, although the timing of the exact bottom remains almost impossible.
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