Market Analysis: Bitcoin and Ethereum Face Sharp Decline Amid Global Trade Tensions

馃帰 Crypto's Wild Tariff Ride

By Flexswap
Apr 8, 2025, 2:22 PM
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Major cryptocurrencies experienced significant downward pressure as global markets responded to new tariff announcements:

  • Bitcoin dropped below $95,000, representing a 14% decline
  • Ethereum fell under $2,600, marking a 15.​97% decrease
  • Total market liquidations reached $1.​31B, primarily in long positions ($1.​16B)

Notable events:

  • Hyperliquid platform reported $50M+ profit from ETH shorts
  • Trump-affiliated crypto project recorded $51.​7M loss
  • Solana (SOL) declined below 200 USDT

Market analysts suggest monitoring global trade developments and macro factors before making investment decisions.​

Always practice proper risk management and conduct thorough research.​

Sources
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