Why Is BTC, ETH, SOL, DOGE Price Down 6-12% Today?

Satoshi road is going through an enormous massacre with the crypto market crash as international markets react to Trump’s tariff conflict. Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE) costs have plumetted 6-12% as we speak with over $900 million in liquidations within the final 24 hours. Analysts have began difficult Bitcoin’s “Digital Gold” and hedge standing amid rising volatility.

Crypto Market Crash: Investors Brace for Bloody Monday

On Monday morning in Asian buying and selling hours, crypto market crashed as risk-ON belongings confronted heavy volatility. Top markets like China, Taiwan, Japan, Singapore, and so forth, hit circuit breakers within the early buying and selling hours on Monday, with their indexes crashing 10%, sending the worldwide markets right into a state of affairs of absolute turmoil.

Bitcoin worth is down 6.9% within the final 24 hours, buying and selling on the essential assist of $77,500, with every day buying and selling volumes up by a staggering 220% to greater than $44 billion. As per the Coinglass data, BTC’s 24-hour liquidations have surged to $322 million. Based on the Bitcoin technical chart, $77,500 is an important assist degree for BTC. If it fails to carry these ranges, additional correction could possibly be deeper.

BTC As A Hedge Theory Fails?

Although Bitcoin price showed resilience to the Dow Jones crash final week, it’s down by 7% as we speak. However, it’s nonetheless performing higher as Asian indices are down 9-10% as we speak. On the opposite hand, valuable metals are up, as gold costs shot up $80 earlier as we speak, and silver has an upward trajectory as nicely. Following as we speak’s crypto market crash, Peter Schiff took the chance including:

“After a delayed reaction on Friday, crypto is finally starting to crack. Ether has already fallen to its lowest level since Oct. 2023, down 65% from its peak, and Bitcoin just traded below 81K, taking out last week’s low. It could be a long day for those trapped in Bitcoin ETFs”.

As Donald Trump’s tariff conflict will increase odds of US recession, debates over Bitcoin’s “digital gold” standing have picked up as soon as once more. Long-term gamers nonetheless proceed to stay bullish about BTC regardless of this volatility. Hunter Horsley, the CEO of Bitwise Investments famous:

“As nations trust each other less. As corporations have more difficulty doing business. A global, digital, apolitical store of value — controlled by no nation — looks increasingly differentiated. Bitcoin’s place in the world has never been more valuable”.

Altcoins Crash – ETH, SOL, DOGE Lose Crucial Support Levels

The altcoins market correction has prolonged additional with Ethereum (ETH) worth crashing 13.5% at press time and plummeting to $1,550. As a outcome, the world’s largest acltoin has prolonged its 2025 losses to greater than 53% whereas leaving traders in an entire state of shock. Investors imagine that ETH worth crash as we speak leaves the gates open for the $1,100-$1,300 vary. However, on-chain knowledge from Spot On Chain reveals that whales are shopping for the ETH worth dips.

Whales are shopping for $ETH throughout the dip previously 12 hours because the market crashed!

1️⃣ The thriller group “7 Siblings” spent $42.66M to purchase 25,100 $ETH at ~$1,700, then equipped all tokens to #Aave.

2️⃣ Whale “0x709” borrowed 8.25M $DAI from #Spark to purchase 5,227.3 $ETH at ~$1,578.… pic.twitter.com/hQZBpfPT7F

— Spot On Chain (@spotonchain) April 7, 2025

Other altcoins have confronted a drop of the same magnitude. XRP price is down 14.5%, dropping below the essential $2 assist, whereas analysts predict an additional crash to $0.65 forward. Solana worth can also be down as we speak by 14% to $102 ranges, whereas Dogecoin worth has plummeted 16% to $0.143 ranges.

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Bhushan Akolkar

Bhushan is a FinTech fanatic with a eager understanding of economic markets. His curiosity in economics and finance has led him to give attention to rising Blockchain expertise and cryptocurrency markets. He is dedicated to steady studying and stays motivated by sharing the information he acquires. In his free time, Bhushan enjoys studying thriller fiction novels and sometimes explores his culinary abilities.

Disclaimer: The offered content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.