On April 6-7, the crypto market faced a significant collapse. Most crypto-assets plummeted in value. Bitcoin dipped below $75,000, Ethereum below $1,500. This led to the liquidation of futures positions worth more than $1.36 billion. The Coinpaper editorial staff gathered experts' opinions on the reasons for the sharp collapse and their predictions for the future. Between April 6 and April 7, 2025, the cryptocurrency market suffered a sharp decline. Bitcoin collapsed by more than 10% overnight to below $75,000. Ethereum fell to $1500, hitting lows since March 2023. This led to liquidation of over 441,800 traders' futures positions worth $1.36 billion. On April 2, 2025, US President Donald Trump introduced a large package of customs tariffs, including reciprocal and base tariffs. Most experts cited this as the main reason for the collapse of the cryptocurrency market. Coinpaper team analyzed the comments of experts and collected their opinions on the current state of the crypto market and its future. Reasons for the correction Bitget Research chief analyst Ryan Lee said in a commentary that bitcoin and Ethereum have entered a critical phase of price consolidation amid heightened macroeconomic tensions. According to him, the market has become more volatile following Trump's statements on new tariffs and concerns over a possible trade war. In addition, Ryan Lee added that the strengthening of the US dollar and rising Treasury bond yields also contributed to the fall in the price of the first cryptocurrency. Peter Chang, head of research at Presto Research, noted in a commentary on The Block that bitcoin investors have been gripped by a ”sell now, think later” mindset due to the pace and scope of Trump's imposition of new tariffs. He said the market's recovery will depend on three factors: the reaction of other countries, the Trump administration's ability to develop a long-term plan, and expected actions by the U.S. Federal Reserve (Fed) to address the current instability. Jeff May, chief operating officer of cryptocurrency exchange BTSE, explained that cryptocurrency markets historically precede stock markets over the weekend. The collapse of Asian markets on the morning of April 7 likely confirmed this observation, he said. Matrixport experts said that the probability of correction of the first cryptocurrency to the $73,392 mark is growing. They added that the support level at $87,000 remains an important barrier, especially after Trump's announcement of new duties. In addition, analysts noted that additional pressure is created by the restraint of U.S. consumers due to inflation, as well as the statement of Fed Chairman Jerome Powell that the regulator does not plan to change its policy yet. This may delay the positive impact on bitcoin from monetary support, Matrixport believes. Back on April 5, CryptoQuant CEO Ki Yang Ju said that bitcoin's bull cycle has already ended due to the asset's weak price response to the influx of large amounts of capital. The expert referred to an indicator that reflects the actual amount of money that has entered the network. If it rises and the market capitalization stands still or declines, it indicates that investors are buying bitcoin but the price is not responding - a typical signal of a weak market, Yang Ju explained. According to him, even small purchases with low selling pressure can significantly raise the price of an asset. But now the opposite is observed - despite significant capital injections, the price almost does not grow due to high pressure from sellers. Such conditions are characteristic of a bear market, CryptoQuant CEO noted. ”And although the selling pressure may subside at any moment, historically it takes at least six months for a real reversal. Therefore, short-term recovery is still unlikely,” the expert summarized. Expert forecasts and the market situation Block CEO Jack Dorsey said that bitcoin will fail unless it becomes a convenient payment instrument. According to him, the first cryptocurrency must be a daily means of payment, otherwise it will ”turn into something you buy and forget until the next crisis.” He added that without active use in payments, cryptocurrency will lose relevance. The expert also called for simple payment solutions that are fast, secure and private. Investor, businessman and author of the bestseller ”Rich Dad, Poor Dad” Robert Kiyosaki said that the biggest stock market crash has already begun and could turn into a depression. In his opinion, after the collapse of ”paper assets,” the authorities will turn on the printing press again, devaluing the dollar. In such circumstances, he advises to pay attention to gold, silver and bitcoin. Blogger Miles Deutscher stated that it is possible to make money in the cryptocurrency sector only 10% of the time. 90% of the time, the market is either stagnant or falling - that's when you need to be patient. ”But in that 10%, there are opportunities for incredibly high returns - and that's when you have to act as decisively as possible,” Deutscher added.” Andrew Kang, co-founder of venture capital firm Mechanism Capital, predicted Ethereum to fall into the $1000-1500 range this year. A trader and analyst under the pseudonym DaanCrypto said bitcoin volatility is declining, while the VIX volatility index for stocks closed at its highest level since the crash in 2020. DWF Labs CEO Andrei Grachev said that if countries offer zero-tariff deals to the U.S. and the Fed lowers interest rates, stocks and cryptocurrencies will rally. If the Fed starts printing money, bitcoin could hit an all-time high, Grachev said, adding that all will become clear in the coming weeks. According to Ryan Lee, bitcoin may remain stable near the $70,000 mark as the cost of mining 1 BTC varies between $60,000-$65,000. He summarized that further market dynamics will depend on how investors interpret policy and liquidity changes in the coming weeks. Arthur Hayes, investment director at venture capital firm Maelstrom and co-founder of the BitMEX exchange, said he has been buying bitcoin all day and plans to continue. According to him, it is not worth buying altcoins yet, as the bitcoin dominance rate is likely to grow to 70%. The expert also urged to remember the possibility of launching a printing press. Parallels to the historic crash Analysts on social network X are actively discussing the possibility of a repeat of a historic crash comparable to Black Monday. ”Tomorrow [April 7] could be Black Monday 2.0,” announced a Maine analyst. ”Black Monday” refers to the sudden stock market crash that occurred on Oct. 19, 1987. On that day, major stock indices around the world collapsed sharply, and the Dow Jones Industrial Average in the U.S. fell by 22.6%, which was the largest daily drop in history. Panic erupted in the backdrop as trading volumes overwhelmed the markets. The lack of trading halt mechanisms in the face of extreme volatility allowed the freefall to continue unimpeded. Following the mass liquidations, Google Trends shows that global searches for the phrase ”Black Monday” peaked. What's behind the drop ”Bearish sentiment is at its highest level in history,” noted analyst The Kobeissi Letter. He attributed the gloomy sentiment to uncertainty over Trump's trade war, describing ”Black Monday” as the consensus view. Based on this, the analyst predicts a ”short-term capitulation” this week. The Kobeissi Letter cites the results of the AAII Sentiment Survey, which recorded a record 61.9% bearish outlook. Notably, this is double the average of 31.0%. Duo Nine analyst supports this assessment of what is happening in the market. He warns that Trump's tariffs could disrupt global supply chains, lower WFP and lead to a recession. ”If the US doesn't change course soon, the only conclusion is that this was done deliberately and the damage will only escalate over time. Unfortunately for cryptocurrencies, this means the start of a prolonged bear market. It could last 1-2 years or longer if a global recession starts,” Duo Nine explained. An alternative view However, everyone agrees on the apocalyptic tone. Ryan Wollner, founder of Pearpop, urged not to exaggerate the danger of what is happening and rejected comparisons to the 1987 crash. ”I think we're only going to see a 2-3 week transition period, after which people will start buying again once the tariff situation becomes clearer,” Wollner stated .
Bitcoin and crypto tokens crashed on Monday, leading to over $1 billion in liquidation, as recession fear spread. The market cap of all crypto coins plunged by 10% in the last 24 hours to $2.41 trillion. Crypto investors have three options in these market conditions. They can buy the dip, sell the rip, or continue holding their positions. This article explores the top 3 cryptocurrency tokens to dollar cost average (DCA) on for 5x gains in April. Top 3 Crypto Tokens to DCA for 5X Gains this April Crypto analysts who have watched the industry for years have seen this before. This is where a black swan event happens, investors panic, and dump their tokens. The Fed then intervenes and these tokens stage a strong comeback. A good example of this happened at the onset of the COVID-19 pandemic. The real winners in these conditions are people who buy the dip, either at once or through dollar cost averaging (DCA). DCA is a situation where one buys a falling several times. Assume you have $10,000 to invest. Instead of using it all to buy Litecoin at $65, you can divide it into three and buy it as it drops. The best crypto tokens to DCA during this Black Monday for 5x gains are Fartcoin (FARTCOIN), Pepe (PEPE), and Polkadot (DOT). Fartcoin (FARTCOIN) Meme coins will be some of the best-performing crypto tokens when the industry rebounds. Fartcoin, a top Solana meme coin, is one of the top ones to DCA and benefit as its price bounces back. The bullish case for the Fartcoin price is that investors seem to be accumulating the dip, as the chart below shows. Investors are buying Fartcoin Also, technically, the token has formed a cup and handle pattern , a popular bullish continuation sign. The upper side of this pattern is at $0.7153, while its depth is about 71%. The recent decline is part of the formation of the handle section. Therefore, if this pattern works well, it means that the Fartcoin price will soar to $1.2286. Fartcoin Price Chart Pepe (PEPE) Pepe is another top crypto token to buy, primarily because of its strong technicals. On the 1D chart, the Pepe price is in the process of forming a double-bottom pattern at $0.000005320. The neckline of this pattern is at $0.000009185, its highest level last week. The double bottom is forming after the coin created a giant falling wedge pattern . A wedge has two descending and merging trendlines. This convergence has already happened, pointing to more gains in the coming weeks. The most likely Pepe price forecast is to the upside, with the initial target at $0.00001466, the 50% retracement level. A drop below the support at $0.000005320 will invalidate the bullish view. Pepe Price Chart Polkadot (DOT) Polkadot is an interesting contrarian cryptocurrency token to buy. The most notable fundamental is that it is working on the final step of the Polkadot 2.0 launch, and there are odds that the SEC will approve a DOT ETF . Technically, the coin has resisted moving below the important support at $3.61 despite the ongoing crypto crash. That is a sign that it is forming a quadruple-bottom pattern, which may lead to a strong comeback, initially to the resistance at $11.20. The bullish Polkadot price forecast will become invalid if it loses the quadruple bottom. Polkadot Price Chart Summary on Top Cryptocurrency Tokens to Buy Polkadot, Fartcoin, and Pepe coin have strong fundamentals, including their popularity and on-chain metrics. They are also showing strong technicals, pointing to an eventual comeback once the crypto meltdown wanes. The post Should You DCA These 3 Crypto Tokens This Black Monday for 5X Gains in April? appeared first on CoinGape .
Bitcoin is alive and kicking, spewing out impressive hashrate numbers like never before. Bitcoin’s network processing power has reached an unprecedented 1 Zetahash per second (ZH/s), marking a major milestone in the cryptocurrency’s 16-year history. Multiple blockchain tracking services confirmed the achievement between April 4-5, 2023, though they disagree on the exact timing of when the threshold was crossed. Related Reading: XRP Will Explode—And This Korean Expert Says He’ll Be ‘Laughing’ At Critics Different Trackers Report Varying Dates For Historic Milestone A Zetahash (ZH/s) is a unit of computational power used to measure Bitcoin’s hashrate, which reflects how much computing power is being used to secure the Bitcoin network through mining. According to mempool.space data, Bitcoin’s hashrate peaked at 1.025 ZH/s on April 5. BTC Frame’s metrics showed a slightly earlier breakthrough at 1.02 ZH/s on April 4. Meanwhile, Coinwarz reported an even higher peak of 1.1 ZH/s on April 4 at block height 890,915, but also suggested the network first hit the 1 ZH/s mark on March 24. The differences stem from how each service calculates hashrate. Blockchain analyst Jameson Lopp previously pointed out that using one “trailing block” versus five blocks for estimation can result in differences exceeding 0.04 ZH/s. Mitchell Askew, head analyst at Blockware Solutions, said viewing the raw Hashrate metric can be deceiving due to random variations in block times. He noted that Bitcoin’s 30-day moving average hashrate remains around 0.845 ZH/s. Network Shows Massive Growth Since 2016 This achievement represents remarkable growth for the Bitcoin network. The current hashrate of 1 ZH/s equals 1,000 Exahashes per second, marking a 1,000-fold increase since late January 2016 when the network first reached 1 EH/s. To put this computational power in perspective, Bitcoin now processes approximately 40,000 times more calculations per second than Litecoin, the second-largest proof-of-work cryptocurrency network. Based on Coinwarz data, Litecoin currently operates at just 2.49 Petahashes per second. Commercial Mining Operations Drive Hashrate Growth According to Askew, the surge in hashrate has coincided with increased competition among commercial Bitcoin mining firms. Miners are doubling down, and expanding sites and plugging in more efficient machines, he said. However, he warned that less efficient miners might struggle unless Bitcoin prices increase in the coming months. Related Reading: Ethereum Slips Below Triangle—Is A $1,600 Crash Next? At least 24 publicly listed companies now operate Bitcoin mining equipment, according to CompaniesMarketCap.com. MARA Holdings leads the pack with more than 50 EH/s of computing power. Other major contributors include Riot Platforms, Core Scientific, CleanSpark, Hut 8 Mining, and TeraWulf. Most of the network’s hashrate flows through major mining pools, with Foundry USA Pool and AntPool controlling the largest shares, according to the Hashrate Index. Record Hashrate Coincides With Market Downturn The network’s technical achievement occurred during a sharp market decline. Bitcoin’s price fell 8% over a 24-hour period to $77,210, while US stocks experienced what analysts called the largest two-day loss ever. Featured image from Gemini Imagen, chart from TradingView
MANTRA Chain has announced the launch of its $108,888,888 million MANTRA Ecosystem Fund (MEF). The investment plan aims to accelerate the growth and adoption of blockchain projects within the project’s blockchain. The Ecosystem Fund According to an April 7 press release shared with CryptoPotato , the fund will be deployed over the next four years to support blockchain projects worldwide. The team described the initiative as a strategic growth engine that will provide capital to startups and globally recognized investment firms. “In an era where blockchain technology is revolutionizing finance, the MEF will serve as a catalyst for groundbreaking projects that drive real-world adoption through a focus upon the tokenization of real-world assets,” said John Patrick Mullin, CEO and founder of MANTRA. Investment opportunities will be sourced through the platform’s extensive partner network, which includes leading incubators and accelerators. According to the announcement , the MEF will focus on supporting projects that are innovating in RWA tokenization, including those at any stage of development and even those that are chain-agnostic. The initiative also aims to create collaboration between blockchain pioneers and leading investment firms to support the adoption of RWA tokenization and decentralized finance (DeFi). Gideon Daitz, partner at Three Point Capital, who will lead the project, emphasized the mission to support RWA tokenization globally by providing teams with capital, network, and expertise to put high-quality assets on-chain. He explained that the company would mainly focus on building on the MANTRA ecosystem while emphasizing the importance of collaboration and an open-arms policy for the benefit of the community and the industry. Daitz added that this approach will include making focused investments into fewer teams with stronger ties to its network of resources. More Developments MANTRA Chain is a permissionless layer 1 blockchain that enables the tokenization of real-world assets while ensuring compliance with real-world regulatory requirements. To achieve this, the network offers advanced technology modules, compliance mechanisms, and cross-chain interoperability. The MEF launch follows a previous achievement of becoming the first DeFi platform to obtain a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This permit allows MANTRA to operate as a virtual asset exchange and offer broker-dealer and management and investment services. The latest development also comes less than two weeks after DWF Labs, a Dubai-based crypto market maker and investor, launched a $250 million liquid fund aimed at expanding blockchain projects of various sizes. The post MANTRA Launches $108M Fund to Boost RWA Innovation appeared first on CryptoPotato .
As the liquidations in the crypto market rise to $1.6 billion over the past 24 hours, the meme…
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