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Over $1bn was liquidated in the past 24, including over $865m in long positions, as Bitcoin saw a sharp drop from over $83,000 to below $77,000.
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Bitcoin rebounded and broke through $79,000, now trading at $79,005 & Ethereum has rebounded and broken through $1600, now trading at $1603.💰🔹
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🚨 Bitcoin further dropped to $78.6K, down 27% from its $107K peak. The decline is driven by investor fear, institutional outflows, market liquidations, and macroeconomic concerns—especially Trump’s tariff policies. Technical indicators suggest more downside ahead.
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A whale transferred another 5.385 million FORM to CEX, and a total of 9.385 million FORM has been transferred today💃
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The US stock market lost $1.1 trillion in value over 44 trading days, roughly equivalent to 38% of the US GDP.
According to The Kobeissi Letter, the US stock market lost $11.1 trillion in value over 44 trading days, roughly equivalent to 38% of the US GDP.
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Ethereum Drops Below $1800
According to HTX market data, Ethereum dropped below $1800, with a 24-hour decrease of 0.52%.
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⤴️ JPMorgan Raises Recession Risk to 60% Amid Trade Tensions
JPMorgan has increased the probability of a U.S. recession to 60% by 2025 due to President Trump's new tariffs, which are seen as a significant economic shock. The tariffs could raise taxes on U.S. consumers and businesses, leading to declines in stock markets and greater economic uncertainty.
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A whale has undelegated 10,321 ETH and deposited it into Binance, equivalent to around $18.46 million.🤕
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Morgan Stanley predicts that Apple's supply chain will be hit hard by tariffs, and mobile phone prices may soar 📊
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Bitunix analyst: Powell releases a hawkish signal, market liquidity is expected to decrease, BTC may test $80,000 again 💸
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💰 Tether CEO Calls for New U.S. Stablecoin Amid Legal Woes
Tether's CEO, Paolo Ardoino, suggests the U.S. needs a new stablecoin as Tether (USDT) faces increasing legal challenges and regulatory scrutiny. The company is dealing with multiple lawsuits, including one alleging market manipulation, prompting discussions about the future of stablecoins in the U.S. market.
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The USDC Treasury has burned 50 million USDC on the Ethereum blockchain, with a total of approximately 150 million USDC burned today.💣
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China has announced a 34% tariff on U.S. goods, set to take effect on April 10.
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Yesterday, the US Bitcoin Spot ETF saw a net outflow of $99.8 million & the U.S. Ethereum Spot ETF saw a net outflow of $3.6 million🕯
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Ray Dalio Warns Tariffs Could Lead to Global Stagflation ⚠️
Ray Dalio, founder of Bridgewater Associates, cautions that the implementation of tariffs may reduce reliance on foreign supply chains but could also lead to global stagflation—simultaneous inflation and economic stagnation. He emphasizes that while tariffs might bolster domestic resilience during geopolitical tensions, they can also decrease efficiency and elevate costs. Dalio further warns that escalating debt levels in countries like the U.S. and U.K. could result in a "debt death spiral," necessitating significant policy interventions to avert economic instability.
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Bitcoin dropped below $78,000 with a 24-hour decrease of 6.42%.‼️💰
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Trump on Market Crash: "Sometimes You Have to Take the Medicine" 💊
President Trump responded to the recent financial market crash by saying the downturn is a necessary correction, likening it to taking medicine to fix underlying issues. He denied any intention to cause the sell-off and reaffirmed his focus on addressing the U.S. trade deficit with China before making any trade deals. Trump also noted recent talks with European and Asian leaders about tariffs.
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💰 Bitcoin dropped under $80K due to rising U.S.–China trade tensions. Analysts note gold’s strength could hint at a BTC rebound, but short-term pressure remains.
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🗞 April 6, 2025 cryptocurrency news highlights
【Cryptocurrency】
⤴️ JPMorgan Raises Recession Risk to 60% Amid Trade Tensions
【Economy】
The US stock market lost $1.1 trillion in value over 44 trading days, roughly equivalent to 38% of the US GDP.
【Indicators】
Bitcoin Volatility Decreases for 7 Consecutive Days, Now Back at 2.52%
【More】
Musk's net worth has decreased by $130 billion this year, making him the biggest loser among the top 10 richest people in the world, with Buffett being the only gainer.😲
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Bitcoin Volatility Decreases for 7 Consecutive Days, Now Back at 2.52%
According to Coinglass data, Bitcoin's volatility has been declining for 7 consecutive days and has now fallen to 2.52%.
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Musk's net worth has decreased by $130 billion this year, making him the biggest loser among the top 10 richest people in the world, with Buffett being the only gainer.😲
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🧑⚖️ Georgia Lawmakers Push for K–12 Blockchain and Bitcoin Education
Georgia House Resolution asking the Dept. of Education to implement K-12 education on "blockchain, cryptocurrency, and Web3". The Democrat-sponsored bill says "Bitcoin is becoming increasingly accepted and commonly used in lieu of traditional currency."
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🗞 April 5, 2025 cryptocurrency news highlights
【Cryptocurrency】
The USDC Treasury has burned 50 million USDC on the Ethereum blockchain, with a total of approximately 150 million USDC burned today.💣
【Economy】
Morgan Stanley predicts that Apple's supply chain will be hit hard by tariffs, and mobile phone prices may soar 📊
【Indicators】
Bitunix analyst: Powell releases a hawkish signal, market liquidity is expected to decrease, BTC may test $80,000 again 💸
【More】
💰 Tether CEO Calls for New U.S. Stablecoin Amid Legal Woes
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FTX will dismiss about $2.5 billion in claims related to identity verification errors
FTX said that about $2.5 billion in customer claims were canceled because nearly 400,000 users failed to complete identity verification (KYC) by March 3. According to the documents of the Delaware Bankruptcy Court on April 2, 392,000 claims have been completely dismissed and deleted, involving up to 2,377 pages.
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Yesterday the US Bitcoin Spot ETF saw a net outflow of $64.9 million & the US Ethereum Spot ETF saw a net inflow of $2.1 million🕯
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🚨 U.S. Stock Market Plummets: $3.5T Lost in 2 Days
The U.S. stock market plummeted, losing $3.5 trillion in two days, with the S&P 500 falling over 8%—its biggest two-day drop since the 2020 pandemic. The Nasdaq 100 has now entered bear market territory.
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🗞 April 4, 2025 cryptocurrency news highlights
【Cryptocurrency】
🇰🇬 Kyrgyzstan’s National Investment Agency signed an MoU with Changpeng Zhao, former Binance CEO, to develop the country’s cryptocurrency and blockchain sector. The collaboration focuses on tech support, education, and innovation, aligning with the "Digital Kyrgyzstan" strategy to drive economic growth. ✍️
【Economy】
China has announced a 34% tariff on U.S. goods, set to take effect on April 10.
【Indicators】
Bithumb’s former CEO Lee Sang-jun received $3.5m in 2024—including a $1.4m bonus, $1.5m in retirement benefits, and a $320,000 base salary—despite being incarcerated.
【More】
Ray Dalio Warns Tariffs Could Lead to Global Stagflation ⚠️
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Bithumb’s former CEO Lee Sang-jun received $3.5m in 2024—including a $1.4m bonus, $1.5m in retirement benefits, and a $320,000 base salary—despite being incarcerated.
In December 2024, prosecutors accused him of accepting $20m in cash. While the court acquitted him of that charge, it upheld a bribery conviction involving non-cash favors and sentenced him to two years in prison.
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Bitcoin rebounded and broke through $83,000, now trading at $83,340.💰
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🇰🇬 Kyrgyzstan’s National Investment Agency signed an MoU with Changpeng Zhao, former Binance CEO, to develop the country’s cryptocurrency and blockchain sector. The collaboration focuses on tech support, education, and innovation, aligning with the "Digital Kyrgyzstan" strategy to drive economic growth. ✍️
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