Bitcoin took a sharp nosedive on Thursday, dragging the broader crypto market as value slid by about $2 trillion. A wave of red spread beyond digital assets, hitting tech stocks and even precious metals. The selloff deepened as investors grew wary over potential shifts in Federal Reserve policy, undercutting risk appetite across markets.
Crypto markets stayed subdued on Good Friday as macro worries and geopolitical tensions pressured sentiment. Bitcoin hovered around $66,000 after recent declines, while most altcoins remained flat. Analysts point to risk off positioning, weak ETF flows, and nearby technical resistance as key factors, suggesting a near-term range with a bearish undertone.
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Bitcoin fell nearly 3% to around $67,000, with Ethereum down to roughly $2,044 as geopolitical tensions tied to Iran weighed on risk sentiment. Major altcoins also lost ground and total crypto market value dipped. Even so, steady ETF inflows are offering support, leaving traders cautious as the Easter period approaches.
Since October 2024, global crypto markets have shed a staggering $2 trillion, with Bitcoin and Ether both sliding sharply. Analysts point to institutional investors pulling out of crypto exchange-traded funds as a key catalyst, compounded by a broader weakness in tech stocks. The shakeout raises urgent questions on what investors should do next.
Bitcoin and Ethereum rose about 3% in a single day as traders reacted positively to President Trump’s State of the Union address. The move comes after a choppy prior week, with major altcoins also gaining. Overall crypto market capitalization climbed to roughly $2.25 trillion, signaling stronger macro sentiment and expectations of policy continuity.
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