The post Bitcoin and Ethereum Drop as China Tariffs Liquidations appeared on BitcoinEthereumNews.com.

The U.S. China trade tensions along with the rising tariff concerns caused Bitcoin and Ethereum to decrease in value. The market decline resulted in more than $350 million worth of cryptocurrency liquidations. The U.S.-China trade tensions triggered a rapid market drop which caused Bitcoin to reach $78,699 and Ethereum to fall to $1,485 on April 10, 2025. The market value of Bitcoin decreased to $78,699 during its daily low period and Ethereum dropped to $1,485 and lost all its previous week’s gains. The cryptocurrency market demonstrates sensitivity to large-scale economic events because traders panicked about rising trade barriers and asset disposals during the sell-off period. The cryptocurrency market displayed weakening bullish strength when Bitcoin fell beneath its 50-day moving average which stood at $85,785. The potential resistance point stands at $81,000 while the support level exists near $77,500. The price of Ethereum broke down below its 200-day average at $2,820 which the market last experienced in 2023. The price region at $1,450 represents a crucial support level which could decide whether market conditions continue to decline. The cryptocurrency market showed high volatility through its trading volume statistics as Bitcoin reached $50 billion in 24-hour activity while Ethereum surpassed $22 billion daily volume which exceeded monthly figures. China US Tariffs Spark Crypto Slump Market sentiment shifted to risk avoidance when the United States hinted at tariffs for Chinese products including advanced technology and clean-energy products. The market-wide sell-off primarily affected cryptocurrencies because investors preferred to protect their assets by purchasing bonds and gold. The price of Bitcoin declined by 3.5% to $79,697 during this period as Ethereum fell 8.7% to $1,523 because Bitcoin maintained a lower volatility rate yet Ethereum faced exposure to decentralized finance (DeFi) protocols. Traditional financial markets and tech stocks together with commodities experienced similar price drops during…

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Filed under: News - @ April 14, 2025 6:22 pm