Bitcoin drops 8%, American markets spilled $ 2T worth – should traders need to expect a sweeping bouncer?

22 hours ago

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Bitcoin drops 8%, American markets spilled $ 2T worth - should traders need to expect a sweeping bouncer?

Bitcoin (BTC) And American stock exchange markets are all sharply widespread after US President Donald Trump shook financial markets by announcing the list of reciprocal tariffs in several countries.

3. April, S & P 500 is in the market in the market in the open air, its most significant one-day decline since June 2020. years. The Dow Jones Industrial Average fell 3.41%, at 40.785.41 of 42,225.32, while the Native composite fell 5.23%. All in all, $ 1.6 trillion values were erased from the American stock in the open market.

The value of Bitcoina dropped by 8%, but it is positive that the bulls are able to defend the level of support from $ 80,000. These steep decreases essentially derive from insecurity about new tariffs and increase investor concerns about the upcoming recession.

Price Bitcoin, Markets, Actions, Price Analysis, Market Analysis — *Source: X*

Data from COINGECKO suggests that the total crypto market fell 6.8% in the last 24 hours and seems unlikely that the relief relief is in the short term.

CRIPTO LIQUIDATIONS are at $ 573 million

According to Koinglas, in the last 24 hours, more than 200,000 retailers were liquidated, with a total amount of more than 573.4 million dollars. The biggest liquidation occurred on the binance, with the position of Eth / USD worth $ 11.9 million, which was closed.

In the meantime, the open interest of Bitcoina dropped below $ 50 billion, reducing the lever market. Joao Vedson, General Manager of Alpharraktal, mention That liquidation heat hats talk about a large desire about $ 80,000, raising potential for potential drop to 64k to 65k dollars if Bitcoin stops this level with a high trading volume.

This article does not contain investment advice or recommendations. Any investment and trade of trading involves risk, and readers should conduct their own research when making a decision.