Bitcoin slips below $75K as Trump demands rate cuts, blames China for economic abuseApril 7, 2025 — President Donald Trump has renewed his push for Federal Reserve interest rate cuts, asserting there is "no inflation" in the U.S. economy even as markets tumble in the wake of his sweeping global tariff hikes.“Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION,” Trump posted on Truth Social Monday morning. “The long-time abused USA is bringing in Billions of Dollars a week from the abusing countries on tariffs that are already in place.”Last week, Trump stunned markets by escalating import tariffs — raising China’s effective tariff rate to 54% — which sparked retaliatory action from Beijing. In response, China raised its own tariffs by 34%, further intensifying a global trade standoff now being called by analysts a potential “economic cold war.”Markets Slide, Bitcoin Drops Below $75KFollowing the tariff hike, Nasdaq futures dropped to their lowest since January 2024, and Bitcoin (BTC) fell below $75,000 early Monday, extending losses triggered by recession fears and global trade tension.“The biggest abuser of them all, China… just raised its tariffs by 34%,” Trump added. “They’ve made enough, for decades, taking advantage of the Good OL’ USA! Our past leaders are to blame.”Trump also stated he will not strike a trade deal with China unless the U.S. trade deficit is addressed, signaling a prolonged period of economic confrontation.Falling Oil Prices Reinforce Trump’s Disinflation ClaimThe West Texas Intermediate (WTI) oil price has dropped 16% in just four days, now trading around $60 per barrel, after OPEC announced production increases. Analysts say falling crude prices typically introduce disinflationary pressures into the global economy — aligning with Trump’s assertion that inflation is under control.His call for Fed rate cuts also aligns with market pricing. Traders are now expecting up to five rate cuts by the Federal Reserve in 2025, with many viewing potential Fed easing as a way to cushion the blow of Trump’s aggressive tariff agenda, according to CoinDesk.

According to PANews, MicroStrategy disclosed in a Form 8-K filing that between March 31 and April 6, 2025, the company did not sell any Class A common stock or perpetual convertible preferred stock under its at-the-market issuance plan. Additionally, no Bitcoin purchases were made during this period. As of April 6, MicroStrategy holds 528,185 Bitcoins, acquired at a total purchase price of $35.63 billion, with an average purchase price of $67,458 per Bitcoin.

According to Odaily, market reports indicate that Strategy, formerly known as MicroStrategy, did not increase its Bitcoin holdings between March 31 and April 6. Data from Saylortracker shows that Strategy currently holds 528,185 Bitcoins, valued at approximately $40.52 billion.

According to BlockBeats, major technology stocks saw a substantial decline before the U.S. market opened. Apple (AAPL.O) shares fell by 5.4%, while Tesla (TSLA.O) experienced a temporary drop of 10%. Intel (INTC.O) decreased by 4.8%, and Meta Platforms (META.O) saw a 6.1% decline. All of the 'Big Seven' tech companies were affected by this downturn.

According to PANews, futures linked to the S&P 500 index fell further on Monday, dropping more than 20% from their historical highs, signaling an impending bear market for this key U.S. stock index. The Dow Jones Industrial Average futures also declined by 20% from their peak, while the Nasdaq index confirmed its bear market status last week. This downturn is attributed to global market concerns following U.S. President Donald Trump's comprehensive tariff imposition, which has heightened fears of an economic recession. A widely accepted definition states that an index is confirmed to be in a bear market if it closes more than 20% below its historical peak. The S&P 500 last confirmed its bear market status in June 2022, amid investor concerns over whether the Federal Reserve could curb post-pandemic inflation without triggering a recession. Bear markets often lead to economic recessions and persist until investors believe the worst phase of the downturn has passed. Data from investment research firm CFRA indicates that out of 12 bear markets since 1948, nine have coincided with economic recessions.

Odaily Planet Daily News: According to market news: Strategy (formerly MicroStrategy) had unrealized losses of US$5.91 billion in digital assets in the first quarter of 2025, and outstanding debts as of March 31 were US$8.22 billion. The company purchased 80,715 bitcoins in the first quarter, worth US$7.66 billion, an average of US$94,922 per bitcoin.

Bitcoin drops below $75K while XRP, Solana, and Dogecoin breach critical support levels amid global economic turmoil.April 7, 2025 — The cryptocurrency market entered freefall early Monday, with Bitcoin (BTC) dipping below the key $75,000 level and major altcoins like XRP, Solana (SOL), and Dogecoin (DOGE) collapsing by over 20% in 24 hours.Driven by mounting macroeconomic concerns, nearly $1 billion in liquidations, and escalating global trade tensions, the sell-off is intensifying as markets await the U.S. stock market open.According to CoinDesk data, the CoinDesk 20 (CD20) index slumped 12%, reflecting a widespread risk-off sentiment sweeping across the digital asset landscape.Altcoins Breach Key Support LevelsXRP fell to $1.70, breaking below its 200-day moving average, signaling a potential drop toward $1.50, according to technical analysts.SOL plunged under $100, marking a 64% correction from its all-time high, and breaching its 50-day moving average.DOGE crashed to $0.13, wiping out weeks of gains, as momentum traders offloaded positions amid rising volatility.Tariff Tensions and Global Uncertainty Trigger PanicThe panic was exacerbated by President Trump’s 25% tariffs on goods from Canada and Mexico, along with a doubled 20% tariff on Chinese imports. In response, China is considering front-loaded stimulus measures, further rattling investor confidence.The market turmoil has sparked a flight to safety, with investors rotating into gold and the Japanese yen, traditionally viewed as safe-haven assets.“We expect crypto markets to dip once U.S. markets open,” said Jeff Mei, COO at BTSE. “Asia’s decline reinforced that belief. Only coordinated tariff deals or relief from major players like China or Japan could restore confidence.”Traders See Extended Bear Market ConditionsAnalysts warn that current conditions echo a broader bear market, with rallies seen as opportunities to exit risk rather than accumulate.“This is classic bear market behavior,” said Augustine Fan, Head of Insights at SignalPlus. “Investors are adjusting to a new economic reality. Unless catalysts emerge, we expect more downside pressure and shaken confidence ahead.”Despite the carnage, some analysts suggest Bitcoin’s relative strength compared to equities and a possible future rally alongside gold may signal a long-term decoupling from traditional risk assets. However, in the short term, downside risks remain dominant, according to CoinDesk.

Altcoins in Turmoil: DOGE, XRP, and ADA Plunge Below Support Levels as Market Volatility DeepensMajor altcoins are facing renewed selling pressure as macroeconomic headwinds, including global trade tensions and equity market turbulence, rattle investor confidence. Dogecoin (DOGE), XRP, and Cardano (ADA) have each broken below key support levels, signaling potential for further downside if bulls fail to reclaim lost ground.DOGE Price Analysis: Drops 15%, Risks Retest of $0.14Dogecoin (DOGE) has fallen to $0.16, down nearly 15% in the last 24 hours, breaching a key support at $0.18, which served as the lower boundary of a consolidation zone since early March.On the 4-hour chart, a death cross has appeared — the 50-period SMA crossing below the 200-period SMA, often interpreted as a bearish signal.Relative Strength Index (RSI) is at 28, indicating oversold conditions and a chance of a short-term bounce.However, the 20-day EMA at $0.21 acts as a strong resistance.If sellers maintain momentum, DOGE may drop to $0.14, a level last visited in December 2024.XRP Price Analysis: Below $2, Eyes on Bearish BreakdownXRP has slipped to $1.90, recording a 14% daily loss, and falling below the psychological $2.00 support — previously a key bullish structure.The move confirms a bearish head-and-shoulders pattern on the daily chart, typically preceding further downside.The 21-day EMA at $2.20 now acts as overhead resistance.RSI is approaching 30, showing weak buyer interest amid persistent sell pressure.If support fails to hold, XRP could retest the $1.70–$1.80 zone, with extended downside targeting $1.50.ADA Price Analysis: Slides to $0.55, Descending Triangle Breakdown in PlayCardano (ADA) is trading at $0.55, down over 12%, and has broken below its 50-day SMA, ending weeks of support since mid-March.The breakdown confirms a descending triangle pattern, a classic bearish formation.MACD has crossed bearish, and RSI at 38 suggests fading momentum.ADA’s next support lies around $0.40, with a potential deeper correction toward $0.35 if that level fails.To invalidate this bearish setup, ADA must reclaim $0.60 and hold above it.Altcoins at Risk as Macro Pressure BuildsThe latest drop in DOGE, XRP, and ADA highlights the fragility of altcoin markets under current macroeconomic stress. Unless global risk sentiment stabilizes and technical resistances are flipped into support, the altcoin market may continue to struggle — with deeper drawdowns on the horizon, according to CoinDesk.

A whale lost $106 million in Ethereum on the Sky protocol due to a massive auto-liquidation triggered by Trump’s new tariffs and the resulting crypto market crash. <p>The post $106M ETH Dump: Ethereum Whale Liquidated After Market Meltdown first appeared on Ecoinimist. </p> source: https://ecoinimist.com/2025/04/07/ethereum-whale-wiped-out-106-liquidation/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-whale-wiped-out-106-liquidation

Odaily Planet Daily News According to official news, the "SunPump x Ave.ai TRON MEME King Challenge" will be officially launched at 10 am on April 9, with a total prize pool of $15,000 equivalent to TRX. Participating users have the opportunity to share the prize according to the trading volume ranking. The first place in trading volume can get up to $4,000 equivalent to TRX, and the top 100 can all win prizes. At the same time, 100 lucky users will be drawn to issue additional airdrop rewards.

Alex Svanevik, CEO of Nansen, launched a Solana memecoin named IQ, which soared to a $6 million market cap before falling to around $1 million. The ease of creating memecoins through platforms like MakeNowMeme and Pump.Fun has led to many scams, emphasising the need for cautious investment.

Neiro is a memecoin inspired by a rescue dog and launched on both Solana and Ethereum. The Solana-based Neiro faced suspicions of a rug pull after its developer made $2.85 million, while the Ethereum version has seen rapid growth but also raised concerns about insider control.