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news-imageApril 7, 2025

Bitcoin, Ethereum, XRP, Dogecoin Obliterate $1.42 Billion In Liquidations, Plummet Up To 16%

The cryptocurrency market experienced a staggering $1.42 billion in liquidations over the past 24 hours, driven by a sharp decline in major digital assets following President Donald Trump's tariff policies and a broader market sell-off. What Happened: Bitcoin (CRYPTO: BTC) fell 7.5%, currently trading at around $76,650, while Ethereum (CRYPTO: ETH) dropped 17%, XRP (CRYPTO: XRP) 15%, and Solana (CRYPTO: SOL) and Dogecoin (CRYPTO: DOGE) both shed 16%.
Publisher: Benzinga
Sentiment: Negative
BTC
DOGE

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Positive
cover-imageCrypto Economy
April 7, 2025

Ripple Forecasts Explosive Growth in Tokenized Markets by 2033

TL;DR Ripple and Boston Consulting Group estimate that the tokenized assets market will grow from $0.6 trillion to $18.9 trillion by 2033, with an annual expansion of 53%. XRP and the stablecoin RLUSD are Ripple's key tools to facilitate operations in this market, with daily volumes reaching up to $150 million.

Negative
cover-imageCointelegraph
April 7, 2025

Bitcoin, stocks crumble after ‘90 day tariff pause' deemed fake news — BTC whales keep accumulating

Global financial markets continued to tumble on April 7, as US equities dropped more than 3%, wiping more than $2 trillion in value on market open. The pullback saw the S&P 500 drop 2.79%, with the index officially entering a bear market, following a 20% decline from its recent all-time highs.However, the SPX momentarily rallied by 6% after a rumor began to spread on X that US President Donald Trump was contemplating a 90-day tariff pause.

Negative
cover-imageCrypto Economy
April 7, 2025

Bitcoin Miners Are in Trouble: Tariffs, Trade War, and Hashpower

TL;DR Bitcoin mining stocks like MARA, RIOT, and CLSK dropped more than 10% due to regulatory pressure and record-level competition. New U.S. tariffs are driving up the cost of mining equipment imported from China, increasing operational expenses after the halving. Bitcoin's computing power reached 1 ZH/s and hashprice fell to $42.40, drastically reducing profit margins.

Negative
cover-imageBenzinga
April 7, 2025

Peter Schiff Says Trump's Tariffs Are 'Dumber Than A Strategic Bitcoin Reserve'

Bitcoin (CRYPTO: BTC) critic Peter Schiff has resurfaced with a fresh round of criticism, targeting both Ethereum (CRYPTO: ETH) and Donald Trump's economic policies as markets are reeling from a steep sell-off. What Happened: In an X post on Monday, Schiff pointed out that Ethereum had dropped below $1,500 for the first time in over two years, briefly touching the $1,400 range.

Negative
cover-imageCryptonews
April 7, 2025

Bitcoin ETFs Record $172 Million in Weekly Outflows after a Two-Week Inflow Streak

A notable shift in investor sentiment has led to $172.89 million in net outflows from the 12 Spot Bitcoin ETFs in the U.S., abruptly ending a two-week streak of inflows that had amassed nearly $941 million. Grayscale's GBTC was the primary driver of this reversal, accounting for $95.5 million of the outflows over the past week. The post Bitcoin ETFs Record $172 Million in Weekly Outflows after a Two-Week Inflow Streak appeared first on Cryptonews.

Negative
cover-imageUToday
April 7, 2025

Here's Next Major Ethereum Support to Watch

Ethereum (ETH), the second-ranked cryptocurrency by market capitalization, has been facing bearish pressure as its price plummets. ETH crashed below the critical support levels of $1,700 and $1,600 as the market continued to experience pressure from the trade tariff fallout.

Negative
cover-imageBitcoin
April 7, 2025

Bitcoin Headed Back to $10K? Bloomberg's Mike McGlone Thinks So

Bloomberg Intelligence's senior commodity strategist Mike McGlone casts a skeptical gaze on bitcoin and its digital counterparts, positing a potential retreat to $10,000 for the flagship cryptocurrency. Bloomberg Strategist Sees Crypto Wipeout Ahead In recent analyses shared via Bloomberg and the platform X, Mike McGlone has dissected crypto's vulnerabilities amid turbulent macroeconomic crosscurrents.

Negative
cover-imageBenzinga
April 7, 2025

Why Is XRP Down Today? Trump's Trade War Triggers Sell-Off As Price Hits Five-Month Low

XRP (CRYPTO: XRP) plunged to $1.65 on Monday, its lowest price since November of last year, as investors fled crypto markets amid escalating global trade tensions sparked by U.S. President Donald Trump's newly imposed tariffs. The so-called "Liberation Day" tariffs, issued April 2, introduced sweeping duties on imports from China, Canada, and Mexico—including a 20% tax on Chinese goods and 25% on steel and aluminum.

Negative
cover-imageCoingape
April 7, 2025

Peter Schiff Predicts Ethereum Price To Drop Below $1,000, Compares It To Bitcoin And Gold

Bitcoin critic Peter Schiff has revealed grim predictions for the Ethereum price, tipping the second-largest cryptocurrency to see new lows. Schiff says the broader selloff affecting Ethereum will worsen in the coming days and can push prices below $1,000 Peter Schiff Sees Ethereum Price Tumbling Below $1,000 As the market reels from the bloodbath over

Negative
cover-imageCrypto Economy
April 7, 2025

Saylor's Strategy Avoids BTC Purchase Despite Price Dip

TL;DR Strategy halted its BTC purchases after a market-wide drop, despite being the largest publicly traded corporate holder of BTC. Between March 31 and April 6, Bitcoin surpassed $87,000 before falling below $79,000 amid high volatility. The company reported an unrealized loss of $5.91 billion, partially offset by an estimated tax benefit of $1.69 billion.

Positive
cover-imageCointelegraph
April 7, 2025

Metaplanet repays 2B yen bonds early, CEO comments on BTC ‘down days'

Metaplanet, a Japanese hotel manager turned Bitcoin treasury company, has fully repaid 2 billion yen ($13.5 million) worth of bonds ahead of schedule as it seeks to shore up its financial position.Metaplanet conducted an early redemption of its 9th Series of Ordinary Bonds on April 4, more than five months before the maturity date, the company disclosed on April 7. The zero-interest bonds were issued in March through Metaplanet's Evo Fund and used to acquire additional Bitcoin (BTC).

Negative
cover-imageCointelegraph
April 7, 2025

Hodlers on edge: Trump's tariffs shake Bitcoin, but some are buying the dip

Bitcoin holders are facing renewed pressure following US President Donald Trump's trade tariff announcement, which sent shockwaves through global financial markets, including cryptocurrencies.However, with Bitcoin (BTC) hodlers now under pressure, some community members, including BitMEX co-founder Arthur Hayes, are not missing a chance to buy BTC at a discount. “Been nibbling on BTC all day, and shall continue,” Hayes wrote on X on April 7 as the Bitcoin price hovered around $75,000.

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