Bitcoin (BTC) Price Prediction & Analysis: Brutal Weekend Wipeout Sends Crypto Below $75k
TLDR:
Bitcoin has crashed below $75,000, hitting a low of $74,637
The cryptocurrency market is reacting to President Trump’s new tariff announcements
Over $247 million in Bitcoin long positions have been liquidated within 24 hours
Bitcoin is now trading 31% below its January all-time high of $109,000
The sell-off extends beyond Bitcoin, with Ethereum and Solana facing double-digit losses
Bitcoin has taken a sharp downturn, breaking below the critical $75,000 support level and reaching as low as $74,637. This represents a dramatic 12% drop in a single trading day.
The sudden plunge comes as financial markets worldwide react to President Donald Trump’s announcement of sweeping new tariffs on imports. This policy shift has sent shockwaves through both traditional and cryptocurrency markets.
The leading cryptocurrency, which maintained prices above $80,000 through much of 2025, now sits at a three-month low. This marks a 31% decline from its record high of $109,000 achieved in January.
Just last week, Bitcoin demonstrated unusual resilience by holding steady in the $82,000-$83,000 range while stocks and gold prices fell. That stability has now evaporated as broader market fears intensify.
Trade War Fears Drive Massive Liquidations
The cryptocurrency markets have seen an extraordinary wave of forced selling as leveraged positions collapse. Bitcoin traders have experienced over $247 million in long liquidations within a 24-hour period since Saturday.
The carnage isn’t limited to Bitcoin. Ethereum holders faced $217 million in similar liquidations during the same timeframe. The selling pressure continues to mount as investors rush to reduce exposure to volatile assets.
Solana has been hit particularly hard with a 12% price drop. This widespread decline indicates that investor sentiment has soured across the entire cryptocurrency ecosystem.
Weekend trading, typically characterized by lower liquidity, has amplified the volatility. Many traders awakened to substantial losses as the downward momentum accelerated through Sunday night.
Market Correlation Intensifies
President Trump’s proposed tariffs apply broadly to imported goods with additional duties targeting major trading partners. Market analysts worry these policies could trigger retaliatory measures and potentially spark a global trade war.
The financial impact extends far beyond cryptocurrencies. The S&P Global Broad Market Index has lost an estimated $7.46 trillion in market value following the announcements.
Of this total, American markets account for $5.87 trillion in losses, while international markets have shed $1.59 trillion. These figures represent the most severe market drawdown since the pandemic-induced crash of 2020.
Bitcoin’s price action continues to show strong correlation with tech stocks and broader market sentiment. This relationship appears to be strengthening rather than weakening during times of market stress.
The cryptocurrency has now recorded a 15% loss year-to-date in 2025. This performance contrasts sharply with earlier projections that anticipated favorable regulatory developments would boost crypto prices this year.
Without crypto-specific positive catalysts to counterbalance macro pressures, Bitcoin prices will likely continue tracking equities. Current market behavior reflects growing fears of a potential global economic slowdown.
The challenging economic landscape has shifted investor priorities toward capital preservation rather than speculative growth. This risk-off sentiment typically hurts cryptocurrency valuations.
After starting the year with optimism, the Bitcoin market now faces a much different reality. The digital asset’s performance as a hedge against traditional market turmoil remains questionable.
For the moment, Bitcoin is behaving more like a high-beta tech stock than digital gold. This pattern may persist as long as macroeconomic concerns dominate headlines and market psychology.
The depth and duration of this crypto market downturn will likely depend on how traditional markets respond to evolving trade policies in the coming weeks.
The post Bitcoin (BTC) Price Prediction & Analysis: Brutal Weekend Wipeout Sends Crypto Below $75k appeared first on CoinCentral.
Filed under: News - @ April 7, 2025 9:39 am