Glassnode Data Shows Seller Exhaustion Emerging in Bitcoin, Ethereum Markets

Quick Summary:

President Donald Trump’s "Liberation Day” tariffs triggered a global financial rout last week, with bitcoin plunging to $74,500 and ethereum to $1,380—their lowest since early 2023—according to an April 9 Glassnode report.

Researchers Ukuriaoc and Cryptovizart linked the sell-off to tariff-induced liquidity strains and a faltering U.S.dollar, deepening digital assets’ broad-based contraction.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jamie Redman

Category: Crypto

Markets: Japan

Topics: Markets and prices Markets and Prices Bitcoin (BTC)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 18:10:59 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

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

Copyright Owner: © Bitcoin News

News ID: 27777108

View Article Analysis

About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 19 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #62

Publisher Details

Frequently Asked Questions