Bitcoin\u2019s price dropped suddenly in the past few hours, tanking from slightly less than $83,000 to below $79,000.<\/p>\n
In doing so, the market saw a spike in liquidation levels, as leveraged positions worth almost $600 million were wiped off, according<\/a> to data from CoinGlass.<\/p>\n <\/a>Source: TradingView<\/p>\n The move comes following a few \u2018calm\u2019 days during which BTC was outperforming major indices, prompting many to outline its properties as digital store of value.<\/p>\n Commenting on the matter was Jonatan Randing, a popular analyst, who outlined that BTC appears to be on its way of hitting the Weekly 50 EMA, which has historically acted as a good level of support during bull markets, promptly asking the question if we are in a bull market at all.<\/p>\n Bitcoin about to hit the Weekly 50 EMA \u2013 Historically a good level of support in bull markets.<\/p>\n But are we in a bull market? pic.twitter.com\/otbb0xUzpw<\/a><\/p>\n \u2014 Jonatan Randin (@JonatanRLZ) April 6, 2025<\/a><\/p>\n\n Meanwhile, the markets are under serious tension in anticipation of reciprocal tariffs on behalf of the European Union, following Trump\u2019s decision<\/a> to impose a 20% levies on EU imports.<\/p>\n It appears traders are bracing for a \u2018bloody\u2019 market open on Monday following what was the worst trading week for major indices such as the S&P 500, NASDAQ 100, and the DJI since the COVID crash in 2020.<\/p>\n The post Bitcoin Price Crashes Below $80K in Anticipation of \u2018Bloody\u2019 Monday Open for Stock Markets<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s price dropped suddenly in the past few hours, tanking from slightly less than $83,000 to below $79,000. In doing so, the market saw a spike in liquidation levels, as leveraged positions worth almost $600 million were wiped off, according to data from CoinGlass. Source: TradingView The move comes following a few \u2018calm\u2019 days during […]<\/p>\n","protected":false},"author":0,"featured_media":57197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57196"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57196"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/57197"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>Source: TradingView<\/p>\nThe move comes following a few \u2018calm\u2019 days during which BTC was outperforming major indices, prompting many to outline its properties as digital store of value.<\/p>\nCommenting on the matter was Jonatan Randing, a popular analyst, who outlined that BTC appears to be on its way of hitting the Weekly 50 EMA, which has historically acted as a good level of support during bull markets, promptly asking the question if we are in a bull market at all.<\/p>\nBitcoin about to hit the Weekly 50 EMA \u2013 Historically a good level of support in bull markets.<\/p>\nBut are we in a bull market? pic.twitter.com\/otbb0xUzpw<\/a><\/p>\n\u2014 Jonatan Randin (@JonatanRLZ) April 6, 2025<\/a><\/p>\n\nMeanwhile, the markets are under serious tension in anticipation of reciprocal tariffs on behalf of the European Union, following Trump\u2019s decision<\/a> to impose a 20% levies on EU imports.<\/p>\nIt appears traders are bracing for a \u2018bloody\u2019 market open on Monday following what was the worst trading week for major indices such as the S&P 500, NASDAQ 100, and the DJI since the COVID crash in 2020.<\/p>\nThe post Bitcoin Price Crashes Below $80K in Anticipation of \u2018Bloody\u2019 Monday Open for Stock Markets<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin\u2019s price dropped suddenly in the past few hours, tanking from slightly less than $83,000 to below $79,000. In doing so, the market saw a spike in liquidation levels, as leveraged positions worth almost $600 million were wiped off, according to data from CoinGlass. Source: TradingView The move comes following a few \u2018calm\u2019 days during […]<\/p>\n","protected":false},"author":0,"featured_media":57197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57196"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57196"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/57197"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTCUSD_2025-04-06_22-15-31.png\"){kind=link}