{"id":154771,"date":"2025-04-06T22:08:37","date_gmt":"2025-04-06T19:08:37","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=154771"},"modified":"2025-04-06T22:11:17","modified_gmt":"2025-04-06T19:11:17","slug":"bitcoin-plunges-below-79000-as-market-sentiment-worsens","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-plunges-below-79000-as-market-sentiment-worsens\/","title":{"rendered":"Bitcoin Plunges Below $79,000 as Market Sentiment Worsens"},"content":{"rendered":"<p>Currently priced at $78,830, the world\u2019s largest cryptocurrency has fallen by nearly 4.85% on the day, marking a sharp downturn as global markets brace for Wall Street\u2019s opening.<\/p>\n<p>This decline comes as risk aversion intensifies among investors, driven by shifts in market liquidity following last week&#8217;s U.S. tariff announcement. Despite initially showing resilience, Bitcoin is now reflecting broader market unease. In the past 24 hours alone, the crypto market saw $570 million in liquidations, with $493 million stemming from long positions.<\/p>\n<p>Bitcoin itself accounted for over $121 million of these liquidations, while Ethereum followed closely with $108.6 million, according to data from <strong><a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\">CoinGlass<\/a><\/strong>.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-bull-cycle-ends-as-market-shifts-to-bearish-trend-according-to-cryptoquant\/\" title=\"Bitcoin Bull Cycle Ends as Market Shifts to Bearish Trend, According to CryptoQuant\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-bears-9-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Bull Cycle Ends as Market Shifts to Bearish Trend, According to CryptoQuant<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<h3>Ethereum Hits Lowest Point Since October 2023<\/h3>\n<p>Ethereum has been hit even harder, falling to its lowest value since October 2023. The cryptocurrency is now down 65% from its peak, fueling further uncertainty among investors.<\/p>\n<p>Economist and crypto skeptic Peter Schiff <strong><a href=\"https:\/\/x.com\/PeterSchiff\/status\/1908940273050386618\" target=\"_blank\">weighed in<\/a> <\/strong>on the situation, noting that the delayed reaction from digital assets has finally materialized. He remarked that Bitcoin hitting a weekly low of $81,000 could spell trouble for those heavily invested in Bitcoin ETFs, warning that the day ahead might be particularly challenging for such investors.<\/p>\n<h3>Altcoins Also Under Pressure<\/h3>\n<p>Other major cryptocurrencies are not faring much better. Solana (SOL) has seen $28.3 million in liquidations, while XRP recorded $13.36 million and Dogecoin (DOGE) about $12.96 million. As the market sentiment remains fragile, investors are bracing for further volatility, with many reassessing their positions amid the ongoing downturn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has taken a sudden and significant hit, dropping from $83,000 to below $79,000 within a matter of hours.<\/p>\n","protected":false},"author":3,"featured_media":132451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-154771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Plunges Below $79,000 as Market Sentiment Worsens<\/title>\n<meta name=\"description\" content=\"Bitcoin has taken a sudden 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