{"id":50287,"date":"2025-04-07T09:01:16","date_gmt":"2025-04-07T09:01:16","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-crashes-10-as-crypto-market-wipes-out-1-3-trillion-in-value-since-january\/"},"modified":"2025-04-07T09:01:16","modified_gmt":"2025-04-07T09:01:16","slug":"bitcoin-crashes-10-as-crypto-market-wipes-out-1-3-trillion-in-value-since-january","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-crashes-10-as-crypto-market-wipes-out-1-3-trillion-in-value-since-january\/","title":{"rendered":"Bitcoin crashes 10% as crypto market wipes out $1.3 trillion in value since January"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<ul>\n<li data-start=\"3892\" data-end=\"3951\">Ethereum, XRP, solana, and dogecoin fall by more than 15%.<\/li>\n<li data-start=\"3892\" data-end=\"3951\">Bitcoin loses critical $79,000-$80,000 support level.<\/li>\n<li data-start=\"3892\" data-end=\"3951\">Fed rate cut bets rise as traders assess recession risks.<\/li>\n<\/ul>\n<p class=\"\" data-start=\"173\" data-end=\"782\">Bitcoin&rsquo;s sharp decline over the weekend has put the broader cryptocurrency market on edge, with traders now gauging the fallout from Donald Trump&rsquo;s proposed global tariffs and the potential for further losses.<\/p>\n<p class=\"\" data-start=\"173\" data-end=\"782\">The leading digital asset fell below $77,000, marking a drop of more than 10 percent from its record high of almost $90,000 just a week earlier.<\/p>\n<p class=\"\" data-start=\"173\" data-end=\"782\">This downturn has erased significant value from the crypto market, which has now lost $1.3 trillion since January.<\/p>\n<p class=\"\" data-start=\"173\" data-end=\"782\">The broader concern is whether the current correction signals a deeper crisis for digital assets tied to mounting macroeconomic pressures.<\/p>\n<h2 class=\"\" data-start=\"92\" data-end=\"140\">Bitcoin loses $79K support as market slides<\/h2>\n<p class=\"\" data-start=\"858\" data-end=\"1348\">The price of bitcoin dropped beneath a key technical level&mdash;$79,000 to $80,000&mdash;over the weekend.<\/p>\n<p class=\"\" data-start=\"858\" data-end=\"1348\">This support had held firm for over a month after the asset hit its all-time high.<\/p>\n<p data-start=\"858\" data-end=\"1348\"><\/p>\n<p data-start=\"858\" data-end=\"1348\">Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\">CoinMarketCap<\/a><\/p>\n<p class=\"\" data-start=\"858\" data-end=\"1348\">Analysts now point to $72,000, the pre-election high, as the next level of potential support.<\/p>\n<p class=\"\" data-start=\"858\" data-end=\"1348\">The fall comes in the wake of heightened volatility across global markets, driven by Trump&rsquo;s so-called Liberation Day tariffs, which some analysts warn could trigger a global trade shock and recession-like conditions.<\/p>\n<p class=\"\" data-start=\"1350\" data-end=\"1680\">Other major cryptocurrencies have followed suit, with ethereum, XRP, solana, and dogecoin posting losses of more than 15 percent in the last 24 hours alone.<\/p>\n<p class=\"\" data-start=\"1350\" data-end=\"1680\">The rapid decline across crypto markets has mirrored recent losses in equities, suggesting a tightening correlation between digital assets and traditional financial markets.<\/p>\n<h2 class=\"\" data-start=\"1682\" data-end=\"1744\">$1.3T crypto loss tied to tariff fears<\/h2>\n<p class=\"\" data-start=\"1746\" data-end=\"2186\">Last week, investor sentiment shifted further as traders increased bets that the Federal Reserve may soon be forced to cut interest rates to prevent a United States recession.<\/p>\n<p class=\"\" data-start=\"1746\" data-end=\"2186\">Such action could inject more dollars into the market, potentially helping bitcoin prices recover.<\/p>\n<p class=\"\" data-start=\"1746\" data-end=\"2186\">However, the near-term impact of Trump&rsquo;s tariff policies has injected uncertainty across asset classes, with analysts describing the scenario as a possible &ldquo;crisis.&rdquo;<\/p>\n<p class=\"\" data-start=\"2188\" data-end=\"2568\">Trump&rsquo;s economic proposals, announced on what he called Liberation Day, include sweeping tariffs that could strain global trade relationships.<\/p>\n<p class=\"\" data-start=\"2188\" data-end=\"2568\">This has spooked both Wall Street and crypto traders, prompting selloffs over the weekend.<\/p>\n<p class=\"\" data-start=\"2188\" data-end=\"2568\">The timing of bitcoin&rsquo;s drop on Sunday, in particular, is viewed as an early signal of broader market sentiment heading into the new trading week.<\/p>\n<h2 class=\"\" data-start=\"2570\" data-end=\"2637\">Fed rate cut hopes meet Trump&rsquo;s tariffs<\/h2>\n<p class=\"\" data-start=\"2639\" data-end=\"3027\">Some analysts warn that the crypto market&rsquo;s weekend activity may be a preview of Monday&rsquo;s equity performance.<\/p>\n<p class=\"\" data-start=\"2639\" data-end=\"3027\">With bitcoin and other digital assets falling rapidly on Sunday, there&rsquo;s speculation that stock markets may open lower, continuing the bearish trend.<\/p>\n<p class=\"\" data-start=\"2639\" data-end=\"3027\">Ethereum, solana, and dogecoin experienced steeper declines than bitcoin, amplifying fears that risk-off sentiment is spreading.<\/p>\n<p class=\"\" data-start=\"3029\" data-end=\"3308\">The crypto market&rsquo;s current trajectory is being closely watched by traders looking for signs of intervention or policy reversal.<\/p>\n<p class=\"\" data-start=\"3029\" data-end=\"3308\">A change in Trump&rsquo;s stance or potential emergency support from the Federal Reserve could help stabilise bitcoin and restore confidence across markets.<\/p>\n<p class=\"\" data-start=\"3310\" data-end=\"3702\">The $1.3 trillion wiped from the crypto market this year underscores how tightly digital assets are now interwoven with macroeconomic forces, including monetary policy decisions and geopolitical trade moves.<\/p>\n<p class=\"\" data-start=\"3310\" data-end=\"3702\">As Congress also prepares to discuss regulatory changes that could reshape the digital asset landscape, the future direction of bitcoin and the broader crypto market remains uncertain.<\/p>\n<p>The post <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-crashes-10-as-crypto-market-wipes-out-1-3-trillion-in-value-since-january\/\">Bitcoin crashes 10% as crypto market wipes out $1.3 trillion in value since January<\/a> appeared first on <a href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-crashes-10-as-crypto-market-wipes-out-1-3-trillion-in-value-since-january\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Ethereum, XRP, solana, and dogecoin fall by more than 15%. Bitcoin loses critical $79,000-$80,000 support level. Fed rate cut bets rise as traders assess recession risks. Bitcoin&rsquo;s sharp decline over the weekend has put the broader cryptocurrency market on edge, with [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":50288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50287"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=50287"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/50288"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=50287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=50287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=50287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}