{"id":20958,"date":"2025-04-07T16:01:51","date_gmt":"2025-04-07T16:01:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20958"},"modified":"2025-04-07T16:01:51","modified_gmt":"2025-04-07T16:01:51","slug":"ethereum-drops-to-1450-amid-asian-market-turmoil-and-890m-global-crypto-liquidation","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20958","title":{"rendered":"Ethereum Drops To $1,450 Amid Asian Market Turmoil And $890M Global Crypto Liquidation"},"content":{"rendered":"<div>\n<p>Due to the market\u2019s growing instability, on 7 April 2025, Ethereum tumbled to $1450, marking a 20% drop and its lowest since late 2023. Bitcoin mirrored Ethereum\u2019s price drop by falling 10% to $74,700, and the GMCI 30 index that tracks top crypto tokens also fell by 8.6%.<\/p>\n<p>The cryptocurrency market is facing severe headwinds at the moment. In just the last 24 hours, traders liquidated $890 million, $758 million of which came from long positions and $133 million from short positions.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">What happened in crypto last week?<\/p>\n<p>\u2022 Bitcoin trades at $77,000<\/p>\n<p>\u2022 Ethereum trades at $1,400<\/p>\n<p>\u2022 Global stock markets drop on Trump\u2019s tariff war, crypto follows<\/p>\n<p>\u2022 China\u2019s stock market sees its biggest crash since 2008<\/p>\n<p>\u2022 Strategy adds 22,048 BTC for $1.92B<\/p>\n<p>\u2022 Metaplanet\u2026 <a href=\"https:\/\/t.co\/h0o5zLR1dm\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/h0o5zLR1dm<\/a><\/p>\n<p>\u2014 Cryptopolitan (@CPOfficialtx) <a href=\"https:\/\/twitter.com\/CPOfficialtx\/status\/1909208858821525712?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">April 7, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analysts have chalked up the market <a href=\"http:\/\/defi%20whale%20sees%20%24106%20million%20in%20eth%20liquidated%20on%20sky%20during%20market%20meltdown\/\" target=\"_blank\" rel=\"nofollow\">volatility<\/a> to escalating trade tensions and policy uncertainties, with the Guardian on 7 April 2025 <a href=\"https:\/\/www.theguardian.com\/business\/blog\/live\/2025\/apr\/07\/global-stock-markets-brace-donald-trump-us-tariffs-business-live-updates-news?utm_source=chatgpt.com\" target=\"_blank\" rel=\"nofollow\">noting<\/a> that Wall Street may enter a bear market based on the signals received from the futures market.<\/p>\n<p>Jeff Mei, COO at cryptocurrency exchange BTSE, stated, \u201cHistorically, crypto markets tend to front-run stock markets over the weekend, and this morning\u2019s Asia market declines seem to have reinforced this belief.\u201d<\/p>\n<p><strong>Explore<\/strong>:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/black-monday-rocks-bitcoin-price-btcusd-loses-78k-is-it-the-best-way-to-buy-the-dip\/\" rel=\"\">Black Monday Rocks Bitcoin Price: BTCUSD Loses $78K\u2014Is it the Best Way to Buy the Dip?<\/a><\/p>\n<h2>Ethereum, Bitcoin Closely Tie Performance To Asian Equity Market<\/h2>\n<p>The interconnectedness between traditional equity markets and cryptocurrency has been evident for some time, and this decline in the stock market has had a cascading effect on the crypto landscape as well.<\/p>\n<p>Overlapping with the crypto falloff, the Asian stock market saw a dramatic decline, with Japan\u2019s Nikkei 225 plummeting by 8%, while South Korea\u2019s Kospi and China\u2019s Shanghai Composite fell by 4.6% and 5.8%, respectively. Also, Taiwan\u2019s market, since reopening after a break, saw over 1000 stocks hit limit down.<\/p>\n<p>According to a <a href=\"https:\/\/www.imf.org\/en\/Blogs\/Articles\/2022\/08\/21\/blogs-crypto-asian-equities-082122\" target=\"_blank\" rel=\"nofollow\">blog post<\/a> by the IMF, major cryptos such as Bitcoin and Ethereum have gradually tied their performance closely to the Asian equity market. The blog post emphasizes that regulators need to put in place measures to mitigate financial stability risks, as the volatility correlations between digital assets and the Asian market have increased threefold since 2020.<\/p>\n<p>Peter Chung, head of research at Presto, noted that the risk sentiment has reversed due to the US\u2019s tariff escalation and that traders, in a bid to move away from risky assets, are pulling liquidity from established digital assets like Ethereum.<\/p>\n<p>With traders exiting, the crypto landscape is witnessing volatility that it has not experienced for quite some time. Many altcoins are undergoing double-digit declines along with blue-chip coins, underscoring the severity of the market decline.<\/p>\n<p><strong>Explore<\/strong>:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/presales\/will-cme-gap-save-btc-usd-over-1bn-liquidated-in-1-hour-ahead-of-crypto-black-monday\/\" rel=\"\">Will CME Gap Save BTC USD? Over $1Bn Liquidated in 1 Hour Ahead of Crypto Black Monday<\/a><\/p>\n<h2><strong>Is A Crypto Rebound Possible?<\/strong><\/h2>\n<p>According to Chung, recovery hinges on three key elements: the global community\u2019s response, the Trump administration\u2019s ability to present a clear and long-term strategy, and the Federal Reserve\u2019s anticipated measures to stabilize the current market conditions.<\/p>\n<p>Chung emphasizes, \u201cThe Growth Scare 2.0 is in full swing, with markets now pricing in over 100 bp rate cuts this year.\u201d<\/p>\n<p>Alankar Saxena, CTO and co-founder of Mudrex, an Indian crypto exchange, commented, \u201cBitcoin continues to show resilience, trading at $83,000, despite the volatility fueled by Trump\u2019s reciprocal tariffs.\u201d However, Ethereum faces concerns over growing supply and impending hyperinflation, which have alarmed investors.<\/p>\n<p>Elaborating on the situation of overselling that the crypto landscape currently faces, Nick Ruck from LVRG Research says, \u201cThis could lead to an overselling of digital assets, which take significant influence from ever-changing sentiment and their own ecosystem economics, such as tokenomics and Bitcoin mining.\u201d<\/p>\n<p><strong>Explore<\/strong>:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/cathie-woods-scoops-crypto-stocks-on-fire-sale-what-crypto-stocks-does-cathie-woods-own\/\" rel=\"\">Cathie Woods Scoops Crypto Stocks on Fire Sale: What Crypto Stocks Does Cathie Woods Own?<\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Ethereum drops to $1,450, marking its lowest price since late 2023.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        $890M in crypto liquidations reflect growing market instability and trader uncertainty.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         The\u00a0volatility correlations between digital assets and the Asian market have increased threefold since 2020.    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/ethereum-drops-to-1450-amid-asian-market-turmoil-and-890m-global-crypto-liquidation\/\">Ethereum Drops To $1,450 Amid Asian Market Turmoil And $890M Global Crypto Liquidation<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Due to the market\u2019s growing instability, on 7 April 2025, Ethereum tumbled to $1450, marking a 20% drop and its lowest since late 2023. Bitcoin mirrored Ethereum\u2019s price drop by falling 10% to $74,700, and the GMCI 30 index that tracks top crypto tokens also fell by 8.6%. The cryptocurrency market is facing severe headwinds [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20958","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20958"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20958\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}