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Bitcoin is trading down this Tuesday, the 8th, forming a chart pattern that raises concerns about projecting a more prolonged downtrend amid increasing risk aversion due to the escalation of the trade war. The cryptocurrency formed the so-called "death cross" for the first time since September 2024.

Around 3:20 PM (Brasília time), Bitcoin was down 1.61%, priced at $77,404.95. Ethereum fell 4.95%, to $1,477.79, according to data from Binance.

The "death cross" is a chart pattern that usually signals a drastic shift in market sentiment. The year 2025 began with a sense of euphoria, with Bitcoin reaching a historical high of $109,114 on January 20. But the scenario changed. With the escalation of trade tensions, the price of Bitcoin plummeted to $74,420, accumulating losses of nearly 20%.

"Bitcoin formed a 'death cross' for the first time since September 2024. Historically, this pattern tends to coincide with moments of strong correction," says Alfonso Chulla from Binance. Christopher Lewis from FXEmpire warns that if there is a decisive break below $75,000 with strength and volume, the price of Bitcoin could drop to the region of $60,000.

During the morning of this Tuesday, the largest cryptocurrency in the world even tried to gain ground, continuing the recovery seen in the previous session, reaching a high of $80,718.64 in the last 24 hours. However, the crypto asset was again pressured by increasing risk aversion after the White House confirmed that the 104% tariffs on products from China will take effect this Wednesday.$BTC $ETH $XRP #sol