Major cryptocurrencies are staging a slight recovery after a brutal Monday sell-off. The broader downturn in digital assets continues to mirror turbulence in traditional markets, as investors react to escalating geoeconomic tariff conflicts.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $78,891.70 | -0.6% |
| Ethereum ETH/USD | $1,564.21 | -3.9% |
| Solana SOL/USD | $107.17 | +1.4% |
| XRP XRP/USD | $1.91 | -4.3% |
| Dogecoin DOGE/USD | $0.1486 | -3.3% |
| Shiba Inu SHIB/USD | $0.00001141 | -0.2% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 17.9% and daily active addresses falling by 6.8%. Transactions greater than $100,000 are up from 6,738 to 7,593 in a single day. Exchanges netflows are down by 192.6%.
- Coinglass data reports 432,028 traders were liquidated in the past 24 hours for $1.46 billion.
Notable Developments:
- Strategy Reports $5.9 Billion in Unrealized Bitcoin Losses, Pauses New Purchases
- Bitcoin, Ethereum, XRP Drowning In Tariff Tsunami: ‘Fall To $50,000’ Possible, Expert Warns
- New ETFs Offer Bitcoin Exposure With Built-In Safety Nets
- Peter Schiff Says Trump’s Tariffs Are ‘Dumber Than A Strategic Bitcoin Reserve’
- Tether Just Bought 8,888 Bitcoin for $750M – What Do the Charts Show?
Top Gainers:
| Cryptocurrency | Price | Gains +/- |
| SPX6900 SPX/USD | $0.4924 | +23.2% |
| Fartcoin FARTCOIN/USD | $0.5133 | +21% |
| DeXe DEXE/USD | $15.62 | +7.8% |
Trader Notes: Crypto trader ShardiB2 believes Bitcoin will “at least test $80,000,” highlighting the area as a significant resistance level.
$BTC has to at least test 80k… a lot of resistance there pic.twitter.com/fnq140W55Q
— Don't follow Shardi B if you hate Money (@ShardiB2) April 7, 2025
Javon Marks points to a consistent pattern of bullish signals throughout Bitcoin's major price movements—from $16,000 to a projected $109,000. He notes similar strength at prior key dips around $20,000, $38,000, and $49,000, now surfacing again near $74,000.
While Cryptomist sees Bitcoin struggling to break past $81,500, he believes the reversal from $72,000 remains intact. Castillo Trading expects further choppy price action in the short term, suggesting an ideal trading range between $74,000 and $86,000 as uncertainty from tariff-related developments keeps market sentiment cautious.
Even though we have seen a lot of red recently. Still in the mindset of choppy price action continuing.Range between $86k-$74k would be amazing to trade. Still uncertainty across all markets, anything tariff related causing a reaction.$BTC #Bitcoin pic.twitter.com/Yi0YG35sgs
— Castillo Trading (@CastilloTrading) April 7, 2025
Super Bitcoin Bro notes the current correction is milder than last summer's and remains above key technical levels, including the 50-day EMA and SMA. He asserts that "nothing about this screams cycle is over," and sees a 100% gain from here as far more likely than a 50% drop.
Despite the red candles, the tone from leading traders remains cautiously optimistic, with Bitcoin's macro trend still firmly bullish.
Read Next:
- Millionaire Crypto Trader Reacts To Bitcoin Mega-Crash: ‘You Have Only One Job Here: Survive’
Image: Shutterstock
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