Market Update

Bitcoin decreased to less than 80,000 dollars on the weekend

Bitcoin fell to less than 80,000 dollars on Sunday, with a weak morale of investors across global markets. The move came alongside a daily rank, which total $ 590 million.

The increasing concern about the proposed definitions of former President Donald Trump and escalating geopolitical tensions greatly weighs the origins of risk.

More merchants shorten Bitcoin after the worst first quarter in a decade

the A long percentage of Bitcoin It decreased to 0.89, with short functions now approximately 53 % of the activity. The shift reflects the increasing doubts about the direction of Bitcoin in the short term.

Traditional markets also suffered sharp losses. All Nasdaq 100, S&P 500 and Dow Jones entered the correction area last week, and published them The worst weekly performance since 2020.

Bitcoin’s long short percentage on Sunday April 6. Source: Coinglass

Bitcoin closed the first quarter With a loss of 11.7 %, making it the weaker Q1 since 2014.

The broader encryption market lost 2.45 % on Sunday, reduced the total market value to $ 2.59 trillion. Bitcoin is still the dominant origin, with 62 % of the market share. Ethereum follows 8 %.

On Sunday, Selloff raised $ 252.79 million in coding derivative references. Long situations make up the largest part of this number at $ 207 million. Ethereum traders It formed about 72 million dollars in the long qualifiers alone.

Bitcoin price remains closely related to the shifts in global liquidity, and often reflects Macro’s wider trends. The American markets are scheduled to open on Monday, and this week’s activity signs continued Volatility forward.

Bitcoin Price weekly graph. source: Tradingvief

Investors may face more pressure after Federal Reserve Chairman Jerome Powell warned this Trump’s tariff plans can push inflation to the top With the slowdown of economic growth.

This mixture raises the danger of stagnation, the position in which policy tools become less effective. Efforts to stimulate the economy can worsen Economic inflationWhile price control measures can limit growth.

Disintegration

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