Crypto Market Crash (4/7/25): Bitcoin and Altcoins Plummet 5% – 25%, Here’s Why!

Updated

April 7, 2025

Gambar Crypto Market Crash (4/7/25): Bitcoin and Altcoins Plummet 5% – 25%, Here’s Why!

Jakarta, Pintu News – Global crypto markets experienced a sharp decline in response to Donald Trump’s renewed tariff war.

Major currencies such as Bitcoin , Ethereum , Solana , and Dogecoin have experienced a 6-12% drop in value in the past 24 hours.

This situation triggers serious questions regarding Bitcoin’s reliability as “digital gold” and as a hedge amid increasing market volatility.

Check out the full analysis below!

Crypto Market Collapse: Preparing for Bloody Monday

On Monday morning, during Asian trading hours, crypto markets experienced a significant fall. Major market indices in countries such as China, Taiwan, Japan, and Singapore reached the lower limit, with up to 10% declines.

This caused chaos in the global market. Bitcoin’s price fell 6.9% in the last 24 hours, hovering at the critical support level of $77,500. Daily trading volume sharply increased by 220% to over $44 billion.

According to data from Coinglass, Bitcoin liquidation in 24 hours has jumped to $322 million. An even deeper drop is expected if Bitcoin fails to maintain the $77,500 level.

Also read: Saylor’s Unique Strategy: Bitcoin ‘Marry’ Proposal Goes Viral in Crypto World!

Bitcoin as a Hedge Theory Failed?

Although the Bitcoin price showed resilience to the Dow Jones crash last week, today it recorded a 7% drop. However, it still performs better than Asian indices, which are down 9-10%. On the other hand, prices of precious metals such as gold increased by $80 today, and silver also showed an upward trend.

Peter Schiff commented, “As the likelihood of a recession in the US increases due to Trump’s tariff war, the debate about Bitcoin’s status as ‘digital gold’ has come to the fore again.”

Hunter Horsley, CEO of Bitwise Investments, added, “As trust between countries declines and corporations have difficulty doing business, the existence of a global, digital, apolitical store of value that is not controlled by any country becomes increasingly important. Bitcoin’s position in today’s world is increasingly valuable.”

Altcoin Collapse – ETH, SOL, DOGE Miss Critical Support Levels

Whales are buying $ETH during the dip in the past 12 hours as the market crashed!

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

2️⃣ Whale “0x709” borrowed 8.25M $DAI from #Spark to buy 5,227.3 $ETH at ~$1,578.… pic.twitter.com/hQZBpfPT7F
— Spot On Chain (@spotonchain) April 7, 2025

The altcoin market correction is getting worse with the price of Ethereum (ETH) plummeting 13.5% at the moment, down to $1,550. This makes Ethereum’s losses throughout 2025 increase to more than 53%, leaving investors in a state of shock. Investors are now predicting that Ethereum’s price could drop to the $1,100-$1,300.

However, on-chain data from Spot On Chain shows that whales buy Ethereum as the price drops. In the last 12 hours, the mysterious group “7 Siblings” spent $42.66 million to buy 25,100 Ethereum at a price of around $1,700, then supplied all the tokens to Aave. Meanwhile, whale “0x709” borrowed 8.25 million DAI from Spark to buy 5,227.3 Ethereum at around $1,578.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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