{"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\u2019s 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\" rel=\"nofollow\">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\" rel=\"nofollow\">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 v24.8.1 - 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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