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Bitcoin hovered below the $77,000 level in early Monday trading as the broader crypto market downturn deepened. Losses extended across altcoins, with major ones like Ether, XRP, and Solana suffering double-digit losses ahead of the US stock market opening. Bitcoin fell below $75,000 today, its lowest level since November, as crypto markets tumbled amid growing concerns over President Trump’s new global tariff policies impacting Asian markets, CoinGecko data shows. The crypto market selloff intensified with major altcoins posting severe losses. Ether dropped 17% to trade under $1,400, levels not seen in March 2023. The sharp price drop forced the liquidation of an Ethereum whale, who suffered losses surpassing $100 million . XRP declined 16% to $1.7, with its market cap falling to $102 million and losing its position among the top three crypto assets. Solana and Dogecoin each fell 16%, while Cardano dropped 15%. Binance Coin and TRON showed more resilience, declining 8% and 6% respectively. The total crypto market capitalization decreased by over 10% to $2.5 trillion, representing approximately $100 billion in lost value within 10 hours. The decline coincided with sharp falls on Asian stock markets. Taiwan’s benchmark index plunged nearly 10%, its largest single-day drop since 1990. Shares of major Taiwanese companies like TSMC and Foxconn tumbled nearly 10%, triggering automatic trading halts. In response, Taiwan’s Financial Supervisory Commission (FSC) introduced temporary short-selling restrictions in an effort to stabilize the market. The ripple effect was felt across the region. Japan’s Nikkei index plunged over 8% on April 7, while Hong Kong’s Hang Seng Index sank roughly 12%. China’s CSI 300 Index also dropped sharply, falling 7%. In South Korea, the Kospi shed more than 5% early in the session, prompting a five-minute circuit breaker. Singapore’s Straits Times Index wasn’t spared either, slipping nearly 8%. Markets in Australia and New Zealand followed the downtrend. The ASX 200 in Australia dropped 6.3%, and New Zealand’s NZX 50 slid more than 3.5%. Arthur Hayes, co-founder and former CEO of BitMEX, said Monday he’s been actively purchasing Bitcoin while maintaining a cautious stance on altcoins. “Been nibbling on $BTC all day, and shall continue,” Hayes said, indicating an ongoing Bitcoin accumulation strategy amid market volatility. The analyst points to cheaper altcoins but expects Bitcoin’s dominance – its share of the total crypto market cap – to increase towards 70%, implying Bitcoin’s market-leading gains. “Shitcoins are getting in our strike zone,” he said, “but I think #bitcoin dominance keeps zooming towards 70%. So we are not gorging at the shitcoin supermarket.” Hayes reiterated that the catalyst for Bitcoin’s growth is the central banks’ continued use of monetary stimulus in response to economic slowdowns.

Crypto markets have dumped 10% in less than 24 hours as more than $240 billion exited the space. Meanwhile, stock market futures are down 15% in three days “like we are in a depression,” commented the Kobeissi letter on April 7. Oil prices are trading below $60, “like demand has collapsed,” gold prices are down $180 in two sessions, “like there’s a flight to cash,” and bond prices are skyrocketing, “like the economy has halted,” it added. “Sentiment is down to March 2020 levels like we are entering a lockdown. This is a mass flight to the sidelines.” Almost five years ago, in March 2020, crypto markets dumped almost 50% in around a week as the world went into lockdown. Fast-forward to 2025, and around half a trillion dollars—more than double the entire crypto market cap in March 2020—has left the space over the past month … and almost half of that has exited over the past 24 hours. “Bearish sentiment is arguably near its highest levels in history,” Kobeissi stated before adding that “Black Monday” has become the consensus view amid tariff uncertainty. “It would take a lot to not see at least short-term capitulation this week.” It added that today’s drop in US stock market futures puts S&P 500 futures down by 22% and in bear market territory. The US stock market has now erased an average of $400 billion per trading day for 32 straight days, it revealed. On Friday, investors were hopeful of signs of a trade deal this weekend. However, it was complete silence that occurred, “and markets hated it.” When Trump was questioned about the massive sell-off , he said, “Sometimes you have to take medicine.” Meanwhile, stock markets across Asia have opened with double-digit declines as trading resumed this Monday. Many of them hit “circuit breakers,” which are protection mechanisms to pause trading to prevent capitulation events. Economist and investor Raoul Pal called it “the delicious smell of peak fear on Sunday and Monday,” adding , “This too shall pass.” “I hope you are ready to look for spare cash under the sofa to add very, very soon. In a bull market, such opportunities are a gift.” However, few would agree with his bull market observation after such a violent sell-off, especially crypto investors.

Cardano ( ADA ) just went through one of its sharpest drops this year, crashing 16.36% in the past 24 hours alone. This massive move comes as part of a broader crypto market selloff, with multiple altcoins losing double digits in a matter of hours. ADA, in particular, was hit hard, sliding down to its current price of $0.53. Here are the latest Cardano stats: ADA/USD 1-day chart - TradingView Cardano is now trading right on top of a major support zone between $0.50 and $0.52, a level that has previously acted as a strong floor for ADA prices. --> You can easily trade cryptos and earn even in bear markets. Some exchanges like Bitget give traders the ability to open short positions and make money from falling prices. Get started with Bitget using this link , and get 100% transaction fee rebates in BGB on your first transaction. This isn’t just an ADA issue – the entire crypto market is in a downtrend. The main reasons behind this sharp drop include: Total Crypto Market Cap in USD - TradingView Cardano , being a top altcoin, is naturally caught in the storm. But the intensity of its crash—over 16% in just 24 hours—puts it among the worst-performing major coins right now. Now the big question: Is ADA done crashing, or will it go lower? 🟢 Short-term bounce possible: If the broader market takes a breather, we could see ADA rebound to around $0.58, which was a recent resistance level before the crash. 🔴 If the market continues to drop: ADA could breach the $0.50 support, sending prices down toward $0.48 and possibly $0.45, which are the next strong support levels. So far, no bullish reversal has formed yet – and unless we see some relief in Bitcoin and Ethereum, the pressure on ADA is likely to continue. Cardano ( ADA ) just went through one of its sharpest drops this year, crashing 16.36% in the past 24 hours alone. This massive move comes as part of a broader crypto market selloff, with multiple altcoins losing double digits in a matter of hours. ADA, in particular, was hit hard, sliding down to its current price of $0.53. Here are the latest Cardano stats: ADA/USD 1-day chart - TradingView Cardano is now trading right on top of a major support zone between $0.50 and $0.52, a level that has previously acted as a strong floor for ADA prices. --> You can easily trade cryptos and earn even in bear markets. Some exchanges like Bitget give traders the ability to open short positions and make money from falling prices. Get started with Bitget using this link , and get 100% transaction fee rebates in BGB on your first transaction. This isn’t just an ADA issue – the entire crypto market is in a downtrend. The main reasons behind this sharp drop include: Total Crypto Market Cap in USD - TradingView Cardano , being a top altcoin, is naturally caught in the storm. But the intensity of its crash—over 16% in just 24 hours—puts it among the worst-performing major coins right now. Now the big question: Is ADA done crashing, or will it go lower? 🟢 Short-term bounce possible: If the broader market takes a breather, we could see ADA rebound to around $0.58, which was a recent resistance level before the crash. 🔴 If the market continues to drop: ADA could breach the $0.50 support, sending prices down toward $0.48 and possibly $0.45, which are the next strong support levels. So far, no bullish reversal has formed yet – and unless we see some relief in Bitcoin and Ethereum, the pressure on ADA is likely to continue.

The crypto market is in full meltdown mode. Ethereum dropped below $1,800 and is now hovering around $1,620 — down more than 9% in 24h, with predictions pointing toward $1,500 or lower. XRP broke below the crucial $2 level and is now trading at $1.98, down 8.15% in a single day. Across the board, coins are getting hit hard, with Asia markets dumping, capital outflows rising, and sentiment turning ultra bearish. But while major tokens like ETH and XRP are grabbing headlines, several other coins have dropped even harder — and mostly under the radar. Total market cap in USD - TradingView This dump isn’t coming out of nowhere. A few key reasons behind the market chaos: Combined, these factors are wrecking support levels and sending both top and mid-cap coins spiraling down. Let’s get into the biggest losers of the week. Here are the top 5 cryptos that dropped the hardest in the past 7 days: TAO leads the crash leaderboard. Once hyped for its decentralized AI angle, the token is now feeling the full force of the market dump. WLD continues its downward spiral. Even with Sam Altman in the spotlight, Worldcoin is getting dumped hard, possibly due to ongoing privacy concerns and low adoption. Tied closely to Ethereum’s performance, LDO is suffering alongside ETH’s crash. As ETH tanks, stakers are pulling out — and LDO pays the price. Despite the buzz around its synthetic stablecoin tech, ENA is sliding fast. A 14% drop in one day is rough for any token — especially one that just launched recently. BERA rounds out the top 5. Still early in its roadmap, this new chain is feeling the effects of the broader risk-off sentiment in DeFi and Layer 1 tokens. The crypto crash is cutting deep. Ethereum and XRP may be making headlines, but these altcoins took an even harder hit in the past 24 hours. Whether this is a quick dip or the start of a longer bearish cycle remains to be seen — but one thing’s clear: "Volatility is back — and nobody is safe." The crypto market is in full meltdown mode. Ethereum dropped below $1,800 and is now hovering around $1,620 — down more than 9% in 24h, with predictions pointing toward $1,500 or lower. XRP broke below the crucial $2 level and is now trading at $1.98, down 8.15% in a single day. Across the board, coins are getting hit hard, with Asia markets dumping, capital outflows rising, and sentiment turning ultra bearish. But while major tokens like ETH and XRP are grabbing headlines, several other coins have dropped even harder — and mostly under the radar. Total market cap in USD - TradingView This dump isn’t coming out of nowhere. A few key reasons behind the market chaos: Combined, these factors are wrecking support levels and sending both top and mid-cap coins spiraling down. Let’s get into the biggest losers of the week. Here are the top 5 cryptos that dropped the hardest in the past 7 days: TAO leads the crash leaderboard. Once hyped for its decentralized AI angle, the token is now feeling the full force of the market dump. WLD continues its downward spiral. Even with Sam Altman in the spotlight, Worldcoin is getting dumped hard, possibly due to ongoing privacy concerns and low adoption. Tied closely to Ethereum’s performance, LDO is suffering alongside ETH’s crash. As ETH tanks, stakers are pulling out — and LDO pays the price. Despite the buzz around its synthetic stablecoin tech, ENA is sliding fast. A 14% drop in one day is rough for any token — especially one that just launched recently. BERA rounds out the top 5. Still early in its roadmap, this new chain is feeling the effects of the broader risk-off sentiment in DeFi and Layer 1 tokens. The crypto crash is cutting deep. Ethereum and XRP may be making headlines, but these altcoins took an even harder hit in the past 24 hours. Whether this is a quick dip or the start of a longer bearish cycle remains to be seen — but one thing’s clear: "Volatility is back — and nobody is safe."

Bitcoin could remain in a bear market for at least six months, according to CryptoQuant CEO Ki Young Ju, as on-chain data shows a lack of price movement despite rising capital inflows. Bitcoin ( BTC ) has had a rough start in April, falling to a three-week low of $77,077. In an Apr. 5 post on X, Ju pointed out how the current Bitcoin bear market condition is reflected in on-chain metrics like market cap and realized cap. Realized cap determines the actual amount of money entering Bitcoin based on wallet movements, while market cap is based on the most recent price on exchanges. A bear market is typically shown by stagnation or decline of market capitalization despite a rise in realized cap. This indicates that although capital is entering the market, prices are not reacting. #Bitcoin bull cycle is over — here’s why. There’s a concept in on-chain data called Realized Cap. It works like this: when BTC enters a blockchain wallet, it's considered a "buy," and when it leaves, it's treated as a "sell." Using this idea, we can estimate an average cost… pic.twitter.com/xDHRin8N1K Ju notes that a bull market happens when modest capital drives up prices. However, the current bearish trend is supported by the fact that even large capital purchases aren’t driving up the price of Bitcoin. He adds that historical data shows that a true reversal in the price of Bitcoin typically takes at least six months, making a short-term rally unlikely. According to Coinglass data , Bitcoin had its worst Q1 Start since 2018, dropping 11.8%. Losses in the first quarter have historically had a mixed effect on Bitcoin’s yearly performance. COVID fears caused a 9.4% drop in 2020, but Bitcoin ended the year up more than 300%. However, Q1 losses in 2014, 2018, and 2022 signaled the end of bull runs and preceded bear markets. The recent decline comes after President Trump imposed new tariffs that have triggered market volatility worldwide. Although Bitcoin saw increases following Trump’s election, its status as a U.S. economic hedge is now in question due to these new tariffs, which have raised fears about a recession. Bitcoin’s resilience in the face of economic uncertainty will be tested in the months ahead.