Market Annihilation: ETH -19%, SOL -18%, XRP -19% – Where’s the Bottom?
- Crypto market crashes Monday (Apr 7), loses $200B+ as tariff fears hit risk assets
- ETH plunges 19 percent below $1.5k, SOL below $100; majors suffer double-digit losses
- Whale liquidations ($77M ETH risk, $213M BTC moved) add fuel; market RSI deeply oversold
Cryptocurrency markets plunged sharply early Monday, wiping billions from the total market capitalization as major altcoins entered deep red territory. Bitcoin (BTC) dropped 9.65% to $75,000, but Ethereum (ETH) suffered a steeper fall, crashing 18.57% to around $1,465.
Why Is the Crypto Market Crashing Hard Monday?
The crash is a direct reaction to renewed recession fears following President Trump’s aggressive global tariff strategy.
As new levies took effect over the weekend (including rates up to 54% for China) and more loom (Apr 9), panic selling hit risk assets globally. While crypto initially seemed insulated from last week’s $6.5 trillion stock market plunge, that decoupling dissolved during intense selling Sunday night into Monday morning.
How Badly Are ETH, SOL, XRP, ADA, BNB Hit?
The altcoin space saw brutal losses:
- Ethereum (ETH): Crashed 18.57% to ~$1,465, its lowest since Oct 2…
The post Market Annihilation: ETH -19%, SOL -18%, XRP -19% – Where’s the Bottom? appeared first on Coin Edition.
Read More
Market Annihilation: ETH -19%, SOL -18%, XRP -19% – Where’s the Bottom?
- Crypto market crashes Monday (Apr 7), loses $200B+ as tariff fears hit risk assets
- ETH plunges 19 percent below $1.5k, SOL below $100; majors suffer double-digit losses
- Whale liquidations ($77M ETH risk, $213M BTC moved) add fuel; market RSI deeply oversold
Cryptocurrency markets plunged sharply early Monday, wiping billions from the total market capitalization as major altcoins entered deep red territory. Bitcoin (BTC) dropped 9.65% to $75,000, but Ethereum (ETH) suffered a steeper fall, crashing 18.57% to around $1,465.
Why Is the Crypto Market Crashing Hard Monday?
The crash is a direct reaction to renewed recession fears following President Trump’s aggressive global tariff strategy.
As new levies took effect over the weekend (including rates up to 54% for China) and more loom (Apr 9), panic selling hit risk assets globally. While crypto initially seemed insulated from last week’s $6.5 trillion stock market plunge, that decoupling dissolved during intense selling Sunday night into Monday morning.
How Badly Are ETH, SOL, XRP, ADA, BNB Hit?
The altcoin space saw brutal losses:
- Ethereum (ETH): Crashed 18.57% to ~$1,465, its lowest since Oct 2…
The post Market Annihilation: ETH -19%, SOL -18%, XRP -19% – Where’s the Bottom? appeared first on Coin Edition.
Read More