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$ETH Price Crashes 50% After Eric Trump’s $175M Dump: Coincidence or Market Manipulation? Ethereum has been taking a beating lately, and some investors are pointing fingers at a surprising source: Eric Trump. Back in early February, he jumped on X (formerly Twitter) to share his sudden love for ETH, confidently telling people to “add $ETH and “thank him later.” Fast forward to now, and Ethereum has dropped over 50% since that tweet, leaving traders frustrated and wondering if that post marked the top of the bull run. Why the Eric Trump Post Rubbed the Market the Wrong Way At first, Eric’s post gave ETH a quick jolt, and prices jumped 25% in the days after. But it didn’t take long for the glow to fade. The ETH crash soon followed, wiping out gains and reversing the market’s momentum. News broke that his investment firm, World Liberty Financial, had offloaded $175 million in ETH not long after his tweet. That didn’t sit well with the crypto crowd. Peter Schiff wasted no time mocking the move, and tech investor Chris Bakke threw salt in the wound with a brutal “you’d be broke and divorced” joke. The whole thing started to feel less like optimism and more like a setup. Bigger Issues: Tariff Tensions and Trust Trouble Of course, Ethereum’s slump isn’t just about one tweet. Hours before Eric hit send, his father’s administration stirred up global markets with fresh tariff threats, spooking investors and sending high-risk assets like crypto tumbling. That, mixed with lingering distrust from past Trump-linked token flops, made things worse. Now, ETH is stuck in the crosshairs of politics and market fear. So, where does Ethereum go from here? Let’s dive into the charts and see what the technicals are telling us.$ETH Price Action Analysis of April 8, 2025 The ETH Price, as seen on a 5-minute chart, indicated it began in a steep downtrend price that traded in a clearly defined descending channel. The price bottomed near $1,460 before turning and beginning to construct a short-term ascending channel. The bullish
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On Deribit, $BTC and $ETH put biases have moderated, but BTC implied volatility term structure remains in backwardation, indicating persistent fears of wild price swings in the short-term,#StopLossStrategies
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One thing markets despise is uncertainty, and right now it's coming from all corners of the globe, largely fueled by Trump’s tariffs. Markets rebounded somewhat on Tuesday following Monday’s bloodbath in Asia and Europe, but it was more of a relief rally than a true recovery. At the heart of the conflict are the U.S. and China, both refusing to be the first to blink — even if it means prolonged uncertainty and pain for global markets. As markets took a breather from the turmoil, crypto skeptics were quick to point out how bitcoin’s ($BTC ) safe haven narrative — bolstered by its resilience late last week — quickly unraveled on Monday when the price crashed to $75,000. While that’s true, expecting the bitcoin price to remain unaffected was overly optimistic. During crises investors historically rush to cash, liquidating even traditional havens investments such as gold. Monday was no exception. Still, bitcoin has shown lower beta than U.S. equities since the tariff announcement. In the bigger picture, bitcoin is holding up fairly well. The Nasdaq is down over 22% from its all-time high, while bitcoin is off by 28%. In previous episodes — like the yen carry-trade unwind in August 2024 or the COVID crash in March 2020 — bitcoin suffered far deeper relative losses. Since the New York market closed on Wednesday, BTC has declined 8.4%, outperforming the S&P 500’s 10% drop and the Nasdaq’s 11% fall. “What matters is that BTC’s beta to broader risk assets appears meaningfully lower in this sell-off than in previous ones. This suggests a growing recognition of bitcoin's potential role as a non-sovereign store of value during periods of economic stress,” David Lawant, head of research at FalconX, said in an email. Monday’s trading session also included an episode of “short-term madness” driven by false reports about a 90-day tariff delay. The markets spiked and then promptly crashed back down after the reports were refuted. Stay alert! $BTC #TrumpTariffs
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 #NFT Marketplace#X2Y2 To Shut Down After 3 Years as Trading Volume Drops 90% #NFT Marketplace X2Y2 To Shut Down After 3 Years as Trading Volume Drops 90%NFT marketplace X2Y2 will shut down its trading platform on April 30 after three years of operation. While the marketplace’s smart contracts will remain functional, users will no longer have access to its front-end interface. The native token, X2Y2, has dropped 13% in the past 24 hours to $0.0014, bringing its market cap below $540,000—down over 99% from its all-time high of $4.14 in February 2022. $BTC $ETH
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