Crypto Market Crash: Why Is BTC, ETH, SOL, DOGE Price Down 6-12% Today?
Satoshi street is facing a massive bloodbath with the crypto market crash as global markets react to Trump’s tariff war. Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE) prices have plumetted 6-12% today with over $900 million in liquidations in the last 24 hours. Analysts have started challenging Bitcoin’s “Digital Gold” and hedge status amid rising volatility.
On Monday morning in Asian trading hours, crypto market crashed as risk-ON assets faced heavy volatility. Top markets like China, Taiwan, Japan, Singapore, etc, hit circuit breakers in the early trading hours on Monday, with their indexes crashing 10%, sending the global markets into a situation of absolute turmoil.
Although Bitcoin price showed resilience to the Dow Jones crash last week, it is down by 7% today. However, it is still performing better as Asian indices are down 9-10% today. On the other hand, precious metals are up, as gold prices shot up $80 earlier today, and silver has an upward trajectory as well. Following today’s crypto market crash, Peter Schiff took the opportunity adding:
As Donald Trump’s tariff war increases odds of US recession, debates over Bitcoin’s “digital gold” status have picked up once again. Long-term players still continue to remain bullish about BTC despite this volatility. Hunter Horsley, the CEO of Bitwise Investments noted:
“As nations trust each other less. As corporations have more difficulty doing business. A global, digital, apolitical store of value — controlled by no nation — looks increasingly differentiated. Bitcoin’s place in the world has never been more valuable”.
However, on-chain data from Spot On Chain shows that whales are buying the ETH price dips.
Other altcoins have faced a drop of a similar magnitude.
🚨🇺🇸COMMERCE SEC LUTNICK: TRUMP HAD TO TARIFF PENGUIN ISLANDS TO CLOSE ALL LOOPHOLES
CBS’s Brennan:
“Why are the Heard Island and McDonald Islands, which don't export to the United States, and are quite literally inhabited by penguins, why do they face a 10% tariff?”
Lutnick:
“If you leave anything off the list, the countries that try to basically arbitrage America go through those countries…we had the president put tariffs on China in 2018, and then what China started doing is they started going through other countries to America. And so the president knows that.
He said, ‘look. I can't let any part of the world be a place where China or other countries can ship through them.’ So he ended those loopholes.”
🚨🇺🇸COMMERCE SEC LUTNICK: TRUMP HAD TO TARIFF PENGUIN ISLANDS TO CLOSE ALL LOOPHOLES
CBS’s Brennan:
“Why are the Heard Island and McDonald Islands, which don't export to the United States, and are quite literally inhabited by penguins, why do they face a 10% tariff?”
Lutnick:
“If you leave anything off the list, the countries that try to basically arbitrage America go through those countries…we had the president put tariffs on China in 2018, and then what China started doing is they started
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🚨🇺🇸COMMERCE SEC LUTNICK: TRUMP HAD TO TARIFF PENGUIN ISLANDS TO CLOSE ALL LOOPHOLES
CBS’s Brennan:
“Why are the Heard Island and McDonald Islands, which don't export to the United States, and are quite literally inhabited by penguins, why do they face a 10% tariff?”
Lutnick:
“If you leave anything off the list, the countries that try to basically arbitrage America go through those countries…we had the president put tariffs on China in 2018, and then what China started doing is they started
Ethereum Price Forecast: Coinglass Shows Key Levels ETH Traders Must Watch as BTC Trades Below $80K
Coinglass liquidation data paints a grim but actionable picture for ETH traders. Over the past 24 hours, Ethereum has seen more than $164.7 million in long liquidations—second only to Bitcoin, which accounted for $203.7 million.
The Ethereum liquidation heatmap from Coinglass highlights a significant support concentration around the $1,550–$1,570 region. Specifically, over $76.2 million in leveraged long interest is stacked at the $1,554 level.
This zone now acts as a key inflection point: if ETH price defends this level.
For now, all eyes remain on the $1,554 liquidation cluster. A strong defense of this level, combined with increased market volumes could prevent further losses. Otherwise, Ethereum’s next leg may head deeper into the low-$1,500s, as bears tighten their grip heading into the new trading week
Ethereum’s rejection near $1,800 and breakdown through $1,655—the VWAP level—confirms renewed downside momentum, with ETH now trading decisively below its 8-EMA and 21-EMA.
The daily RSI prints 28.59, confirming oversold territory for the first time since early March. While this suggests a short-term bounce could develop, it also reflects capitulation from bulls, especially as the broader trend structure continues to weaken.
Price action is now below the 50-day SMA at $1,787 and far under the 200-day SMA at $1,894—both critical resistance levels that previously provided directional bias for long setups.
A bullish defense at $1,555 could stabilise sentiment, but failure to hold that lifeline increases the likelihood of testing $1,480, a key liquidity pocket. Unless Bitcoin reclaims $80K soon, Ethereum may remain vulnerable to further weakness. Near-term recovery will depend on buyers reclaiming $1,655 and sustaining momentum above the short-term EMAs.
Bitcoin Price Tumbles Below $79K Ahead Of Incoming Bloody Monday Open
Bitcoin price took a major hit to fall as low as $78,000 for the first time since the middle of March. There is speculation that the worst is yet to come for Bitcoin with Monday open tipped to herald fresh bearish sentiments.
The sudden decline comes barely a day after reports of Bitcoin decoupling from the S&P 500 to become a safe haven asset.
There are several reasons for Bitcoin’s recent decline with global trade tensions considered a key culprit for the slump. US tariffs and China’s retaliation have forced investors to play safe till the storm blows over, increasing Bitcoin’s selling pressure. Furthermore, cryptocurrency liquidations of nearly $600 million adversely affect Bitcoin price.
Fox Senior Correspondent Charles Gasparino shared a scoop from a market analyst that as markets open on Monday, it may herald selling pressure. Investors are bracing for impact after recent market performance has been largely underwhelming and the specter of US blanket tariffs looms in the distance.
“Monday is shaping up to be the ultimate pain day,” said Gasparino on X, hinting at a broader selloff for Bitcoin.
There is growing chatter in cryptocurrency circles that Bitcoin is in a bear market given its current price performance. CryptoQuant CEO Ki Young Ju argues that the Bitcoin bull market is over, citing a string of on-chain data.
In his analysis, rising Bitcoin Realized Cap and stagnant market capitalization confirm that the bears are firmly in charge. Ju predicts that the bearish sentiment around Bitcoin can last for six months, dousing optimism for a short-term recovery.
Bitcoin’s recent price movement sees it cap off a torrid Q1, the worst in a decade after it fell by nearly 7%. The top cryptocurrency is dragging altcoins underwater with Ethereum losing a staggering 11.24% to trade at $1,590 as ETH price remains stuck under $2,000.
According to the previous analysis, the price has reached the green zone. I expect the price to rise from this area. $0.018 to $0.020 is an important support zone.
Bitcoin continues to trade below the resistance trendline of the descending broadening wedge pattern, with the 100MA positioned above, acting as a strong resistance barrier. This confluence of resistance is currently limiting any upward movement.
At this stage, it's important to wait for further price action developments before confirming the next move. A breakout above the pattern and the 100MA would signal bullish momentum, while continued rejection could lead to further consolidation or downside.