BTC, ETH, SOL, XRP, and BNB Prices Drop Below Key Support Levels đ°Coin: BTC ( $BTC ) $75,695.40 ETH ( $ETH ) $1,507.29 SOL ( $SOL ) $99.79 XRP (
XRP price is crashing today, April 7, due to trader concerns about a Black Monday event following President Trumpâs aggressive tariffs and trade policies. At press time, Ripple was down by 15% to trade at $1.80, which is its lowest price in two months. Trump Tariffs Spark âBlack Mondayâ Concerns XRP price is dropping today as investors anticipate a deep correction across financial markets. Data from Google Trends shows that the search volumes for the term âBlack Mondayâ have skyrocketed. This metric has soared to 100, as investors remain concerned that todayâs dips might mirror the 1987 historic stock market crash. Google Trends The âBlack Mondayâ chatter follows a crypto market crash as the total market cap plunged by 9% to $2.4 trillion. Meanwhile, the US stock market is headed for one of its worst trading days after S&P 500 futures dropped by 2.88%. The brutal selloff comes as traders minimize their exposure to risk assets due to tariffs that have sparked a US-China trade war. According to CNN, Trump addressed the market concerns on Sunday saying he was âopen to talkingâ but revealed no plans to ease his policies. He said, âWhatâs going to happen with the market? I canât tell you, but I can tell you, our country has gotten a lot stronger, and eventually itâll be a country like no other.â As these tariffs weigh on financial markets, XRP price is witnessing one of its most brutal selloffs this year, as surging liquidations spark concerns about a dip to $1. Ripple Liquidations Soar to $40M Data from Coinglass shows a massive surge in liquidations, with more than $40M open positions on XRP being wiped out. $36M of the liquidated positions were longs, which caused additional sell-side pressure that pulled XRP price down. At the same time, Rippleâs open interest has plunged below $3 billion while the funding rates have flipped negative. This indicates a bearish market sentiment as short sellers anticipating the price to plunge further outpace long buyers. XRP Price Analysis as 44% Crash Looms The one-day price chart shows that XRP price has dropped from a key support zone. After breaching this zone, Ripple also fell below the 200-SMA, confirming a trend shift from bullish to bearish. At the same time, the 50-day SMA was forming a bearish crossover with the 150-day SMA. Once this crossover is confirmed, XRP price faces a steep downtrend. Technical indicators support this bearish XRP price prediction. The RSI has declined to 30, which shows intense selling pressure. However, an oversold RSI might also suggest that the downtrend is nearing exhaustion. XRP/USDT: 1-day Chart As these bearish trends prevail, XRP price may plunge by 44% to $1. This outlook aligns with the sentiment shared by top trader Peter Brandt. He noted that an XRP drop to $1 was brewing if it lost support at this critical support zone. The post XRP Price Eyes 44% Crash on Black Monday as Trump Tariffs Trigger $40M Ripple Liquidations appeared first on CoinGape .
In a recent update by COINOTAG on April 7th, Gate.io has initiated a new NUMI Staking and Mining program. This offering commenced on April 5th at 14:00 (UTC+8) and will
The post Why Bitcoin Price is Down Today? appeared first on Coinpedia Fintech News Bitcoinâs price dropped below $77,000 due to a sharp selloff in global markets triggered by President Trumpâs announcement of sweeping global tariffs. This sparked fears of a global recession, prompting investors to flee risk assets like crypto. Over $1.3 trillion was wiped from the crypto market, with major coins like Ethereum and Solana also seeing heavy losses. The plunge to market-wide panic, liquidations, and loss of key support levelsânot to any specific crypto-related news. Read complete Story .
Are you feeling a sense of unease in the air? The global financial landscape is getting a bit shaky, and even the big players are starting to sound the alarm. Recently, financial giant Goldman Sachs delivered a jolt to the markets by significantly increasing its forecast for a US recession . This isnât just a minor adjustment; itâs a substantial leap that has investors and economists alike taking notice, especially those watching the volatile cryptocurrency space. Why is Goldman Sachs Raising the Alarm on a US Recession? Just when we thought we might be navigating through the economic headwinds, Goldman Sachs, in its âCountdown to Recessionâ report, has increased the recession probability for the U.S. economy within the next 12 months. This revision is quite stark: Current Probability: 45% Previous Probability (Just a Week Ago): 35% Probability Before Last Week: 20% This rapid escalation in just a matter of weeks paints a concerning picture. But whatâs driving this pessimistic outlook from one of the worldâs leading investment banks? Several factors could be contributing to Goldman Sachsâ revised forecast. While the report details are proprietary, we can infer potential drivers based on the current economic climate: Persistent Inflation: Despite efforts to curb inflation, it remains stubbornly high. This forces central banks like the Federal Reserve to maintain or even increase interest rates, which can slow down economic activity. Aggressive Interest Rate Hikes: To combat inflation, the Federal Reserve has been implementing aggressive interest rate hikes. While intended to cool down the economy, these hikes also increase borrowing costs for businesses and consumers, potentially leading to reduced spending and investment. Geopolitical Instability: Ongoing global events create uncertainty and can disrupt supply chains, impacting economic growth. Weakening Consumer Demand: As the cost of living rises and borrowing becomes more expensive, consumer spending, a major driver of the US economy, could weaken. Lag Effects of Monetary Policy: Monetary policy changes take time to fully impact the economy. The effects of previous rate hikes may not be fully realized yet, and could further dampen economic activity in the coming months. Essentially, Goldman Sachs likely sees a confluence of these factors increasing the likelihood of a significant economic downturn . What Does a Higher Recession Probability Mean for Crypto? Now, you might be wondering, âWhy should I, as someone interested in cryptocurrency, care about a potential US recession ?â The answer is quite simple: macroeconomic conditions have a significant impact on all markets, including the crypto market. Hereâs how a recession, or even the increased fear of one, can affect the crypto world: Risk-Off Sentiment: Recessions are typically associated with a ârisk-offâ sentiment in financial markets. Investors tend to move away from riskier assets like stocks and cryptocurrencies and seek safer havens, such as government bonds or cash. This can lead to a sell-off in the crypto market, driving prices down. Reduced Liquidity: During economic downturns, liquidity can dry up in markets. This means there might be fewer buyers for cryptocurrencies, making it harder to sell and potentially exacerbating price declines. Impact on Institutional Investment: Institutional investors, who have been increasingly entering the crypto space, may become more cautious during a recession. They might reduce their exposure to crypto or delay planned investments, further impacting market sentiment and capital flow. Correlation with Traditional Markets: In recent times, cryptocurrencies, particularly Bitcoin and Ethereum, have shown increasing correlation with traditional markets like the stock market. A stock market downturn triggered by recession fears could pull the crypto market down with it. Potential for Safe Haven Demand (Long-Term): While initially, a recession might trigger a sell-off, some argue that in the long run, cryptocurrencies like Bitcoin could act as a safe haven asset, similar to gold. In times of economic uncertainty and potential currency devaluation, some investors might turn to Bitcoin as an alternative store of value. However, this is still a debated topic and not a guaranteed outcome. Navigating the Potential Economic Downturn: What Can Crypto Investors Do? So, with Goldman Sachs signaling a higher market crash risk, what actionable steps can crypto investors take? Itâs crucial to remember that this is not financial advice, and you should always do your own research and consult with a financial advisor before making investment decisions. However, here are some general strategies to consider during times of economic uncertainty: Risk Assessment and Portfolio Review: Evaluate your crypto portfolio and your overall risk tolerance. Is your portfolio positioned to withstand a potential downturn? Consider rebalancing your portfolio to reduce exposure to higher-risk assets if you feel uncomfortable with the increased recession risk. Diversification: Donât put all your eggs in one basket. Diversify your investments across different asset classes, not just within crypto but also potentially into traditional assets. This can help cushion the blow if one market segment underperforms. Dollar-Cost Averaging (DCA): If you believe in the long-term potential of crypto, consider using dollar-cost averaging. This involves investing a fixed amount of money at regular intervals, regardless of the price. DCA can help mitigate the risk of investing a lump sum right before a potential price drop. Stay Informed: Keep a close eye on economic news and market analysis. Understanding the macroeconomic factors influencing the market can help you make more informed investment decisions. Follow reputable news sources and analysts who provide insights into both the traditional and crypto markets. Focus on Long-Term Fundamentals: In times of market volatility, itâs easy to get caught up in short-term price swings. However, focusing on the long-term fundamentals of the crypto projects you invest in can provide perspective and help you weather the storm. Are the projects youâre invested in solving real problems? Do they have strong teams and communities? Prepare for Volatility: Recessions and economic uncertainty often lead to increased market volatility. Be prepared for price swings and avoid making emotional decisions based on short-term market fluctuations. Consider Stablecoins and Cash: In a risk-off environment, temporarily increasing your holdings of stablecoins or even moving a portion of your portfolio to fiat currency (cash) can be a defensive strategy. This can provide capital to deploy if and when market conditions become more favorable. The Bottom Line: Recession Risk is Rising â Stay Vigilant Goldman Sachsâ increased recession probability serves as a stark reminder that economic uncertainties are still very much present. While itâs not a guarantee of a recession, itâs a significant signal that the risks have increased. For crypto investors, this means heightened vigilance, prudent portfolio management, and a focus on long-term strategies are more important than ever. The crypto market, while offering exciting opportunities, is also subject to macroeconomic forces. Understanding these forces and preparing for potential economic headwinds is crucial for navigating the market successfully. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
The digital payments sector, particularly in cryptocurrency, is a regulatory battleground. Some users welcome regulation for weeding out bad actors and enhancing service quality, while others see it as stifling innovation. The head of Bybitâs payment business unit believes regulation brings clarity, safety, and confidence. Regulation a âNet Positiveâ for Payments Says Bybit Exec The
With 2025 in full swing, several major players are aligning for what could be their most pivotal stretch in years. Ethereum, Bitcoin (BTC), and XRP are drawing strong interest from traders and institutions alike, all while signaling the potential for a major upward shift. Other projects like Solana (SOL), Stellar (XLM), and Hedera (HBAR) continue playing critical roles in broader network adoption. And while the market leans on the familiar, one new entrantâMAGACOINFINANCEâis commanding serious attention thanks to its well-defined structure and fast-growing presence. PRE-SALE SELLING OUT â CLICK HERE TO SECURE A SPOT NOW MAGACOINFINANCE â Retail-First Structure With Real Strength MAGACOINFINANCE is currently priced at $0.0002704, with over $5.3 million raised from public buyers. Built around a capped 100 billion token supply, the project was designed to avoid insider biasâno private allocations, no pre-market exclusives. This approach has sparked meaningful engagement across the community, driving both wallet growth and early market excitement. With exchange listings drawing near, remaining token supply is rapidly diminishing. For traders who missed out on early access to previous cycles, MAGACOINFINANCE represents a rare opportunity to enter a promising asset at ground level, with clear transparency and timing on its side. MAGA50X BONUS â 50% EXTRA STILL AVAILABLE FOR A LIMITED TIME The MAGA50X offer is still open, giving participants a 50% bonus on token purchases. As final allocation nears, this promotion is expected to close quickly. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH MAGA50X SOL, XLM, and HBAR Continue to Expand Solana (SOL) is holding at $119.20, reinforcing its reputation for speed and low-cost network operations. Stellar (XLM) trades around $0.12, facilitating cross-border payments and simple blockchain access. Hedera (HBAR) sits at $0.11, building an efficient, enterprise-ready blockchain ecosystem. CLICK HERE TO JOIN THE NE-XT BILLION DOLLAR PROJECT Conclusion The foundation is in place. Ethereum, Bitcoin (BTC), and XRP are all preparing for serious movement as 2025 unfolds. With continued advancement from SOL, XLM, and HBAR, the broader crypto ecosystem remains active and diverse. For early-access potential backed by structure and clarity, MAGACOINFINANCE is becoming one of the most compelling names of the year. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: 2025 Setup: Ethereum, Bitcoin (BTC), and XRP Prepare for Lift-Off
Dogecoin has seen a major drop in volume since hitting two-year highs back in November 2024. This volume drop has been followed by large declines in the DOGE price, leading to over 50% of the meme coinâs value that has been lost in less than six months. With the volume remaining muted, it is possible that this price drop could continue and plunge investors into even more losses. Dogecoin Daily Volume Remains Below $5 Billion Over the last four months, the Dogecoin daily volume has been seeing a steady volume plunge. The daily volume hit a high above $60 billion on November 13, 2024, but by the end of March 2025, the daily trading volume dropped below $3 billion, resulting in an over 90% drop in volume in only four months. Related Reading: Bitcoin Price On The Verge Of 15% Breakout As Analyst Spots This Formation Since then, Coinglass data shows there has been some increase in the daily trading volume. However, it is far from notable as the daily average for Dogecoin has come out below $5 billion for the entire of April 2025 so far. This drop in volume also coincides with the price decline, which suggests that unless there is a change in the volume, the Dogecoin price could continue to struggle. As a result of the price decline, long traders have suffered the most as bears reclaimed control of the crypto market. On Sunday, with over $4 million in liquidations, over 80% were from long traders as declines mounted due to the bearish pressure. Most of the decline has been driven by Donald Trumpâs tariffs, which have caused the stock market to hit its worst crash since 2010. This has translated into a bear market, with the Bitcoin price falling toward $80,000. Altcoins like Dogecoin have naturally suffered more losses due to their highly volatile nature of being meme coins and have dropped by more than 50% compared to Bitcoinâs 25% decline. Not Everyone Is Bearish Despite the overwhelming bear pressure that has blanketed the crypto market, bullishness around the Dogecoin price continues to rise. One of those who have remained steadfast in their bullishness is crypto analyst Trader Tardigrade. Related Reading: Ethereum Tanks Nearly 50% As Bitcoin Holds Stronger In Q1 In an X (formerly Twitter) post, the crypto analyst pointed out similarities to the 2016 and 2021 cycles where the Dogecoin price saw notable moves. According to the chart, there have been similar formations pointing to a possible surge for DOGE. If this plays out accordingly, then the DOGE price could be staring down an over 1,500% increase in price as the crypto analyst has set the target as high as $2.1. âDogecoin is about to Surge again,â the analyst said. Chart from TradingView.com
The crypto market has been through a brutal shakeup over the past 24 hours, with Bitcoin hitting $77,000 lows while XRP and SOL fell by as much as 14% amid a wave of forced liquidations totaling over $840 million. XRP and Solana Lead Crypto Crash as $840 Million in Long Positions Are Liquidated A sharp decline in Bitcoin (BTC) prices triggered cascading losses across major tokens late last night, forcing crypto bulls to exit heavily leveraged positions and sending shockwaves through the market. Long positions bore the brunt of the carnage, accounting for nearly 86% of all liquidations, according to data from CoinGlass. Bitcoin investors alone lost more than $322 million, while Ethereum (ETH) bulls lost around $290 million. Altcoins were hit even harder, with XRP and SOL futures recording a combined liquidation of $80 million. Market-Wide Declines Bitcoin has had one of its worst starts to a typically bullish month, April, by falling below $77,000. Ethereum is down 15% to trade around $1,500, while altcoins have seen even steeper declines: Solana (SOL) fell 14%. XRP lost 14% of its value. Dogecoin (DOGE) lost 15% of its value. Binance Coin (BNB) held relatively steady but is still down 8%. According to CoinGecko data, mid-cap and smaller tokens experienced losses between 10-20%, while the broader crypto markets followed suit. The crypto crash comes as global risk assets face heavy selling pressure amid growing fears over US trade policy. U.S. stock index futures fell nearly 5% as investors braced for the fallout from the Trump administration's latest tariff moves, sparking fears of a deepening trade war. Hedge fund billionaire Bill Ackman warned that the US is heading towards âeconomic nuclear warâ and called on President Trump to pause and reconsider his tariff hikes. What's Next for Crypto? While market sentiment remains fragile, some traders see the recent collapse as a potential buy-the-dip opportunity, especially if Bitcoin stabilizes and global macro fears ease. Still, with over $840 million worth of long positions wiped out and the market clearly shaken, crypto bulls may need to tread carefully in the coming days. *This is not investment advice. Continue Reading: Bitcoin and Cryptocurrency Market Experienced the Hardest Fall of 2025! Millions of Dollars Liquidated! Will the Fall Continue? Here Are the Details
Is Bitcoin on the brink of a make-or-break moment? Twitter (now X) co-founder and crypto enthusiast Jack Dorsey has dropped a truth bomb thatâs got the crypto world buzzing. In a recent discussion on the âPresidio Bitcoinâ podcast, Dorsey didnât mince words: Bitcoin , as we know it, might just fail if it remains pigeonholed as simply a store of value . Itâs a stark warning from a tech titan, and it begs the question â is he right? Letâs dive into Dorseyâs perspective and explore what this means for the future of cryptoâs pioneering currency. Why Jack Dorseyâs Bitcoin Stance Matters Jack Dorsey isnât just another voice in the crowded crypto space; heâs a tech visionary who has consistently championed Bitcoin. As the co-founder of Twitter and Block (formerly Square), a company deeply invested in Bitcoin, his insights carry significant weight. His continued support for Bitcoin, despite his departure from Twitter, underscores his belief in its potential. When Dorsey speaks about Bitcoin, the industry listens. His latest comments are not just casual observations; they are a call to action, urging the Bitcoin community to refocus on its original purpose. Bitcoin: Beyond a Store of Value? For many, Bitcoin has become synonymous with a store of value , often compared to digital gold. The narrative has been strong: Bitcoin as a hedge against inflation, a safe haven asset, and a long-term investment. But Dorsey argues that this limited role is not enough. He points back to the original Bitcoin whitepaper, Satoshi Nakamotoâs foundational document, which envisioned Bitcoin as âpeer-to-peer electronic cash.â The Store of Value Argument: Digital Gold Narrative: Bitcoinâs finite supply and decentralized nature have fueled its comparison to gold, positioning it as a hedge against traditional financial system risks. Investment Asset: Many investors view Bitcoin primarily as an investment vehicle, appreciating its potential for price appreciation. Wealth Preservation: In regions with economic instability, Bitcoin is seen as a way to preserve wealth outside of traditional, volatile currencies. However, Dorsey challenges this singular focus. He contends that if Bitcoin remains confined to being just a store of value , it risks becoming a niche asset, failing to realize its transformative potential as a global currency. The Urgent Need for Bitcoin as a Payment Method Dorsey passionately advocates for Bitcoinâs evolution into a widely adopted payment method . He believes that its true power lies in facilitating everyday transactions, enabling a truly decentralized and accessible financial system. According to Benzinga, Dorsey emphasized on the podcast, âThereâs tons of stuff we need to do to really get back to the white paper, which is, you know, a system for electronic peer-to-peer digital cash like we have not seen that yet.â Why Payment Utility is Crucial: Real-World Relevance: For Bitcoin to achieve mass adoption , it needs to be practical for daily use â buying coffee, paying bills, and conducting commerce. Decentralized Finance Vision: The original cypherpunk vision of Bitcoin was to create a system free from centralized control, facilitating direct peer-to-peer transactions. Financial Inclusion: Bitcoin as a payment method can empower billions of unbanked and underbanked individuals globally, providing access to financial services. Imagine a world where you can seamlessly use Bitcoin for all your daily purchases, without relying on traditional banking systems. This is the future Dorsey envisions, a future where Bitcoin fulfills its promise as digital cash. Challenges to Bitcoin Adoption as a Payment System While Dorseyâs vision is compelling, the path to widespread Bitcoin adoption as a payment method is riddled with challenges. These hurdles need to be addressed for Bitcoin to transition from a primarily investment asset to a functional currency. Challenge Description Scalability Bitcoinâs blockchain currently has limitations in transaction processing speed and capacity, leading to higher fees and slower confirmation times during peak periods. Volatility Bitcoinâs price volatility makes it less appealing for everyday transactions. Merchants and consumers are hesitant to use a currency whose value can fluctuate dramatically in short periods. Complexity & User Experience Using Bitcoin can still be complex for the average user. Wallet management, understanding transaction fees, and security concerns can be daunting for newcomers. Regulatory Uncertainty The evolving regulatory landscape around cryptocurrencies creates uncertainty and can hinder wider adoption. Clear and consistent regulations are needed to foster trust and growth. Merchant Adoption While merchant adoption is growing, itâs still not widespread enough for Bitcoin to be considered a mainstream payment method . More businesses need to accept Bitcoin for goods and services. Pathways to Bitcoinâs Payment Revolution Overcoming these challenges requires a concerted effort from the Bitcoin community. Innovation, education, and strategic development are key to unlocking Bitcoinâs potential as digital cash. Actionable Steps for Bitcoinâs Payment Future: Layer-2 Solutions: Solutions like the Lightning Network are crucial for improving Bitcoinâs scalability and reducing transaction fees, making it more practical for everyday payments. Stablecoins & Bitcoin Integration: Exploring stablecoins pegged to fiat currencies, transacting on Bitcoin, can mitigate volatility concerns for everyday transactions. User-Friendly Wallets & Interfaces: Developing intuitive and user-friendly wallets and payment interfaces will lower the barrier to entry for new users. Education & Awareness: Educating the public about the benefits and practical uses of Bitcoin as a payment method is essential for driving adoption . Advocacy for Clear Regulations: Working with regulators to establish clear and favorable frameworks for cryptocurrency payments can foster innovation and growth. The Future of Bitcoin: A Call to Action Jack Dorseyâs perspective serves as a critical reminder: Bitcoinâs journey is far from over. While its role as a store of value is undeniable, its long-term success hinges on its ability to evolve into the peer-to-peer digital cash envisioned by Satoshi Nakamoto. The challenges are real, but so is the potential. The Bitcoin community, developers, businesses, and regulators all have a role to play in shaping Bitcoinâs future. Will Bitcoin rise to the occasion and become the global payment method it was meant to be, or will it remain a niche asset? The answer lies in the actions taken today. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.