Bitcoin Price Faces ‘Death Cross,' But Bulls Are Still Hopeful
Despite the "Death Cross" signal, Bitcoin bulls remain hopeful for a potential rebound.
Keep up with what's happening in the crypto world in real-time.
Despite the "Death Cross" signal, Bitcoin bulls remain hopeful for a potential rebound.
Cryptocurrency traders on social media are debating whether a hypothetical Harris presidency may have been a better long-term outcome for the sector, given the poor performance of cryptocurrencies since President Trump took office. What Happened: Pseudonymous trader Pickle outlined a "what-if" scenario in a post on X on Thursday, comparing how cryptocurrencies would have performed if Kamala Harris had won the presidency.
Crypto analyst Titan of Crypto has provided a bearish outlook for the Bitcoin price, predicting it could drop below $60,000. This comes amid Donald Trump's announcement of reciprocal tariffs, which could trigger this price crash.
In its most recent report, banking giant JPMorgan has noted that Bitcoin's "digital gold" narrative is falling apart due to the high level of correlation between the leading cryptocurrency and U.S. equities.
Bitcoin's $65,000-$71,000 support zone is crucial for stabilizing prices, with long-term investors likely accumulating.
Market volatility underscores the fragility of global economic stability, with potential long-term impacts on investor confidence and trade relations. The post Bitcoin drops 5% as Trump tariffs stoke trade war, recession fears appeared first on Crypto Briefing.
Bitcoin plunged after U.S. President Donald Trump announced a minimum of 10% tariffs of U.S. trading partners, stoking recession fears. Plus stablecoin legislation advances to the U.S. House of Representatives.
The group's director of business development, a speaker at this year's Consensus festival, says bitcoin miners are expanding into bitcoin pooling, hashrate hedging, AI and HPC.
Market analysts say President Donald Trump's newly announced global tariff regime is already reshaping investor sentiment, triggering sharp corrections across risk assets—including crypto. While digital currencies initially showed some resilience, experts caution that they remain exposed to broader macroeconomic shocks.
Gold continued to notably outperform so-called "digital gold."
The index of the 2000 biggest US companies, Russels 2000, is down 6% today while the Nasdaq stock index is down 4.5%.
The cryptocurrency market took a nosedive Thursday, with Bitcoin and its digital cousins feeling the heat after President Donald Trump dropped a surprise tariff bombshell that rattled investors worldwide.
Bitcoin (BTC) hit new monthly lows at the April 3 Wall Street open as US unemployment data added to pressure on risk assets. BTC/USD 4-hour chart.
Dorsey has confirmed the Block is working on brining Bitcoin payments to some of its offerings.
From bitcoin as a capital preservation tool to some targeting a move toward the $70,000 level, here's how traders are reacting to U.S. tariffs.
The US markets are facing one of the biggest crashes, with over 4% loss in the SPX, which is extremely huge. Over $2 trillion has been wiped out of the markets as the Dow lost over 1500 points on the day.
The leading digital asset fell sharply after Trump's Wednesday tariff announcement and has since been languishing below $82K. BTC Dives as Trump's Tariffs Roil Markets President Donald Trump announced aggressive new U.S. tariffs on more than 100 countries on Wednesday afternoon, sending bitcoin ( BTC) plunging to $81K from yesterday's high of more than $88K.
Prominent crypto trader Tony “The Bull” hinted that Bitcoin is on the verge of forming a “Death Cross,” a signal that often worries traders. This pattern occurs when the 50-day moving average drops below the 200-day moving average, often seen as a bearish sign.
After the tariff announcement by United States President Donald Trump, the overall cryptocurrency market witnessed a massive sell-off. Amid this, Bitcoin (BTC), the world's largest cryptocurrency by market cap, sank over 6%, turned bearish, and is now poised for a significant price decline.
Some days, the market makes sense. Other days, it looks like two completely different stories unfolding at once.
Babylon Bitcoin stakers will receive 6% of BABY's 10 billion supply as a reward for early participation.
Investors' unease in the crypto market mirrored a tumultuous trading session on Wall Street, with Bitcoin, Solana, and other assets falling.
Global banking giant Standard Chartered published new five-year price projections for three leading cryptocurrencies: Avalanche (AVAX), Bitcoin (BTC), and Ethereum (ETH). According to these forecasts, Avalanche is poised to gain significant ground on both Bitcoin and Ethereum by 2029.
Bitcoin‘s price surge on Wednesday to the $87,000 threshold has reignited bullish sentiment in the market. However, the flagship asset's renewed upward strength has briefly weakened, dropping to the $85,000 level.
