Bitcoin Bears Eye $70K, Ether Drops 10% as Trump Tariffs Start Global Menace

Quick Summary:

"For investors, the short-term outlook calls for caution, while a further drop to $70,000–$75,000 for Bitcoin is possible if trade tensions escalate,” one trader said.

Some market watchers speculated the sell-off may have been caused by a forced liquidation of a large player.

That’s a U-turn from the usual safe haven status that bond investors enjoy and a deeply worrying sign for traders.

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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets: United StatesCuba

Topics: Bitcoin Ether Markets Tariff

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 05:46:23 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 531 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 27749170

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Main Topics: Crypto

Official Website: coindesk.com

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News Last Updated: 8 hours ago

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