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$BTC Bitcoin (BTC) has fallen below the $80,000 mark, currently trading at $76,614.89 with a 7.62% decrease in the last 24 hours. This significant drop is attributed to escalating trade tensions and reduced weekend liquidity, triggering $597 million in crypto liquidations, with $203 million from Bitcoin alone.¹ *Key Factors Contributing to the Decline:* - *Trade Tensions*: Rising tensions between the US and China have led to a sharp decline in Bitcoin's value. - *Market Liquidity*: Thin weekend trading volumes left markets vulnerable to aggressive short-side pressure. - *Technical Support*: Breach of key support at $80,700 has extended downside risk toward $76,000. *Expert Predictions:* - *Further Decline*: Failure to reclaim $80,700 could see Bitcoin's price drop toward $76,000 or lower. - *Potential Recovery*: Some analysts believe a sustained defense of the $78,694 zone could invite dip-buying and potentially lead to a recovery.² *Market Performance:* - *S&P 500 and Nasdaq*: Significant losses, with both indices finishing the April 4 trading session down nearly 6%. - *Gold and Altcoins*: Also affected, with gold down 1.9% for the week and some altcoins showing strength despite the overall decline.³
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#RiskRewardRatio Bitcoin (BTC) has fallen below the $80,000 mark, currently trading at $76,614.89 with a 7.62% decrease in the last 24 hours. This significant drop is attributed to escalating trade tensions and reduced weekend liquidity, triggering $597 million in crypto liquidations, with $203 million from Bitcoin alone.¹ *Key Factors Contributing to the Decline:* - *Trade Tensions*: Rising tensions between the US and China have led to a sharp decline in Bitcoin's value. - *Market Liquidity*: Thin weekend trading volumes left markets vulnerable to aggressive short-side pressure. - *Technical Support*: Breach of key support at $80,700 has extended downside risk toward $76,000. *Expert Predictions:* - *Further Decline*: Failure to reclaim $80,700 could see Bitcoin's price drop toward $76,000 or lower. - *Potential Recovery*: Some analysts believe a sustained defense of the $78,694 zone could invite dip-buying and potentially lead to a recovery.² *Market Performance:* - *S&P 500 and Nasdaq*: Significant losses, with both indices finishing the April 4 trading session down nearly 6%. - *Gold and Altcoins*: Also affected, with gold down 1.9% for the week and some altcoins showing strength despite the overall decline.³
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#BTCBelow80K Bitcoin (BTC) has fallen below the $80,000 mark, currently trading at $76,614.89 with a 7.62% decrease in the last 24 hours. This significant drop is attributed to escalating trade tensions and reduced weekend liquidity, triggering $597 million in crypto liquidations, with $203 million from Bitcoin alone.¹ *Key Factors Contributing to the Decline:* - *Trade Tensions*: Rising tensions between the US and China have led to a sharp decline in Bitcoin's value. - *Market Liquidity*: Thin weekend trading volumes left markets vulnerable to aggressive short-side pressure. - *Technical Support*: Breach of key support at $80,700 has extended downside risk toward $76,000. *Expert Predictions:* - *Further Decline*: Failure to reclaim $80,700 could see Bitcoin's price drop toward $76,000 or lower. - *Potential Recovery*: Some analysts believe a sustained defense of the $78,694 zone could invite dip-buying and potentially lead to a recovery.² *Market Performance:* - *S&P 500 and Nasdaq*: Significant losses, with both indices finishing the April 4 trading session down nearly 6%. - *Gold and Altcoins*: Also affected, with gold down 1.9% for the week and some altcoins showing strength despite the overall decline.³
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