Finding the Floor: Here Are Key BTC/ETH Support Levels Post-Plunge
- Crypto markets drop sharply Monday on renewed US tariff concerns, risk-off sentiment
- Bitcoin tests $77k low, ETH hits $1.5k low; over $758 million longs liquidated
- Key support levels to watch now are $75k for Bitcoin, $1.5k for Ethereum, analysts say
Cryptocurrency prices dropped sharply in Asian trading early Monday, April 7th, signaling renewed risk caution across global markets as U.S. tariff concerns resurfaced.
Bitcoin and Ether led the decline during overnight trading.
Why Has Crypto Dropped Sharply Monday Morning?
The downturn reflects investor reactions to rising geopolitical and macroeconomic pressures, including President Trump reaffirming commitment to extensive tariffs over the weekend.
U.S. equity futures also declined ahead of the market open. Because crypto markets operate 24/7, they often react first to shifting global sentiment, as explained by Charlie Sherry, Head of Finance at BTC Markets.
Bitcoin fell approximately 7% from late Sunday levels to an early Monday low near $76,900. Ether dropped to touch $1,540, its lowest intraday point since October 2023. Both assets pared some losses afterward but remained under pressure.
…The post Finding the Floor: Here Are Key BTC/ETH Support Levels Post-Plunge appeared first on Coin Edition.
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Finding the Floor: Here Are Key BTC/ETH Support Levels Post-Plunge
- Crypto markets drop sharply Monday on renewed US tariff concerns, risk-off sentiment
- Bitcoin tests $77k low, ETH hits $1.5k low; over $758 million longs liquidated
- Key support levels to watch now are $75k for Bitcoin, $1.5k for Ethereum, analysts say
Cryptocurrency prices dropped sharply in Asian trading early Monday, April 7th, signaling renewed risk caution across global markets as U.S. tariff concerns resurfaced.
Bitcoin and Ether led the decline during overnight trading.
Why Has Crypto Dropped Sharply Monday Morning?
The downturn reflects investor reactions to rising geopolitical and macroeconomic pressures, including President Trump reaffirming commitment to extensive tariffs over the weekend.
U.S. equity futures also declined ahead of the market open. Because crypto markets operate 24/7, they often react first to shifting global sentiment, as explained by Charlie Sherry, Head of Finance at BTC Markets.
Bitcoin fell approximately 7% from late Sunday levels to an early Monday low near $76,900. Ether dropped to touch $1,540, its lowest intraday point since October 2023. Both assets pared some losses afterward but remained under pressure.
…The post Finding the Floor: Here Are Key BTC/ETH Support Levels Post-Plunge appeared first on Coin Edition.
Read More