‘We will still go down from here’ – DL News

What are the chances of Bitcoin to recover after falling below $ 75,000?

The bits on polymarket are not optimistic. They are betting That bitcoin has a 56% chance of trading under $ 78,000 11. April.

“We’ll probably go out of here still,” Carlos Guzman said, analyst at the Cripto-Trading Firm GSR, he said DL News. “There are no obvious short-term positive catalysts for crypts that would justify separation from the Grim macro situation.”

Bitcoin is traded next to $ 76,700 at the time of writing, after falling below $ 75,000 earlier on Monday. It is 7.3% in the last 24 hours.

The top cryptocurrency fell about 30%, because Trump was opened in 20. January, according to Coingecko.

The Bear Bet comes as American President Donald Trump Trading War rocked the market, and Pundits is calling today “Orange on Monday“In relation to the common shade of the president.

Global stock markets collapsed after Trump announced purifying tariffs against all from rivals like China to make a close trading partners like Canada – as well as two islands penguins,

Trump’s team remained defiant. The Secretary of Haward Lunnick said on Sunday CBS News If the white house put down the crossing tariff 9 April.

Trump I spent part of my week of publication video Golf.

His tariffs hit $ 246 billion from the total value of the crypto market.

“Cryptocurrency markets entered extreme fear regime,” Petr Koziakov said, co-founder and executive director in Mercurio DL News.

“Trump’s tariff mode has created real and pressure on the danger of a global recession and is apparently impossible for others to hit his next move.”

Fears for recession

Tariffs also launched fears from the American recession on the jump to polymarket, with putting together 65% chance That in 2025. there is a contraction of the market. That number was only below 40% A few days ago.

JPMorgan Analysts say the president of Trumps would move new tariffs to add 1.5% to inflation, overturn the economy in recession, defined as two consecutive quarters of reducing gross domestic product.

“I could cover the economy dangerously close to slipping into the recession,” they warned.

Abdomen reduce Those fears on Sunday. “I don’t want to go down anything,” he said. “But sometimes you have to take the medicine to fix something.”

Eric Johansson is an editor news DL News. You have the top? E-mail to eric@dlnews.com.