Crypto News: Bitcoin Dips Below $85K, Ethereum Slides, XRP Shows Volatility
Bitcoin Price Drops Below $85K Amid Investor Sell-Off
Bitcoin ( BTC ) saw a sharp move downward, falling beneath the $85,000 mark and trading at $82,800 at press time. Despite a modest 1.17% daily gain, BTC still recorded a weekly decline of 0.77%. Long-term holders appeared to be locking in profits as data revealed significant selling activity, with 178,000 BTC offloaded in recent months, even as public companies accumulated around 95,000 BTC.
BTC/USD 1-day chart - TradingView
Further pressure came from ETF outflows, particularly from U.S.-based Bitcoin exchange-traded funds, reflecting institutional hesitancy. Economic headwinds, including recession fears and tighter monetary policies, have amplified selling behavior and triggered caution among retail and institutional investors alike.
Ethereum Price Slips Under $1,800 as Liquidations Mount
Ethereum ( ETH ) wasn’t spared in this downturn. The second-largest cryptocurrency by market cap dropped to $1,831.43, managing only a 0.93% intraday recovery, while still showing a 4.03% weekly loss. Over $500 million in crypto was liquidated in the past 24 hours alone, with Ethereum taking a significant share of that blow.
ETH/USD 1-day chart - TradingView
Technical analysts identified a rising wedge pattern, typically signaling downward pressure. As ETH approaches critical support levels, traders are closely watching for signs of a potential reversal — though market-wide sentiment remains bearish in the short term.
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XRP Price: Briefly Surges Before Falling Back
XRP witnessed a moment of strength, surging past the $2 mark briefly before falling back to $2.09. The asset posted a 2.34% daily gain, but suffered a 6.20% weekly decline, largely attributed to the monthly release of 300 million XRP from Ripple’s escrow wallet. This increase in circulating supply likely contributed to short-term price weakness.
XRP/USD 1-day chart - TradingView
Despite the dip, XRP maintained strong trading volume, clocking in at $4.45 billion, signaling ongoing interest from traders. The community continues to monitor developments from Ripple Labs, especially legal and regulatory updates, which often play a pivotal role in XRP’s price direction.
Crypto News Today: Macroeconomic Uncertainty Fuels Crypto Market Volatility
Broader economic signals are exacerbating volatility in the crypto sector . Major U.S. stock indices suffered notable losses: Nasdaq dropped by 4.7%, while both the SP 500 and Dow Jones slipped over 3%. Recent tariff announcements from President Donald Trump targeting imports from China and Europe have added fuel to the fire.
Additionally, recession concerns are on the rise, with Polymarket data suggesting a 51% probability of a U.S. recession in 2025. This sentiment is driving speculation that the Federal Reserve may consider early interest rate cuts — a factor that could eventually benefit risk assets like cryptocurrencies, depending on timing and market reaction.
Investors are now eyeing $80,000 as a key support level for Bitcoin, a breach of which could trigger more selling. However, analysts caution against counting out a potential rebound, especially if macro conditions shift in favor of risk-on assets.
Bitcoin Price Drops Below $85K Amid Investor Sell-Off
Bitcoin ( BTC ) saw a sharp move downward, falling beneath the $85,000 mark and trading at $82,800 at press time. Despite a modest 1.17% daily gain, BTC still recorded a weekly decline of 0.77%. Long-term holders appeared to be locking in profits as data revealed significant selling activity, with 178,000 BTC offloaded in recent months, even as public companies accumulated around 95,000 BTC.
BTC/USD 1-day chart - TradingView
Further pressure came from ETF outflows, particularly from U.S.-based Bitcoin exchange-traded funds, reflecting institutional hesitancy. Economic headwinds, including recession fears and tighter monetary policies, have amplified selling behavior and triggered caution among retail and institutional investors alike.
Ethereum Price Slips Under $1,800 as Liquidations Mount
Ethereum ( ETH ) wasn’t spared in this downturn. The second-largest cryptocurrency by market cap dropped to $1,831.43, managing only a 0.93% intraday recovery, while still showing a 4.03% weekly loss. Over $500 million in crypto was liquidated in the past 24 hours alone, with Ethereum taking a significant share of that blow.
ETH/USD 1-day chart - TradingView
Technical analysts identified a rising wedge pattern, typically signaling downward pressure. As ETH approaches critical support levels, traders are closely watching for signs of a potential reversal — though market-wide sentiment remains bearish in the short term.
--> Click here to Trade Cryptos with BItget <--
XRP Price: Briefly Surges Before Falling Back
XRP witnessed a moment of strength, surging past the $2 mark briefly before falling back to $2.09. The asset posted a 2.34% daily gain, but suffered a 6.20% weekly decline, largely attributed to the monthly release of 300 million XRP from Ripple’s escrow wallet. This increase in circulating supply likely contributed to short-term price weakness.
XRP/USD 1-day chart - TradingView
Despite the dip, XRP maintained strong trading volume, clocking in at $4.45 billion, signaling ongoing interest from traders. The community continues to monitor developments from Ripple Labs, especially legal and regulatory updates, which often play a pivotal role in XRP’s price direction.
Crypto News Today: Macroeconomic Uncertainty Fuels Crypto Market Volatility
Broader economic signals are exacerbating volatility in the crypto sector . Major U.S. stock indices suffered notable losses: Nasdaq dropped by 4.7%, while both the SP 500 and Dow Jones slipped over 3%. Recent tariff announcements from President Donald Trump targeting imports from China and Europe have added fuel to the fire.
Additionally, recession concerns are on the rise, with Polymarket data suggesting a 51% probability of a U.S. recession in 2025. This sentiment is driving speculation that the Federal Reserve may consider early interest rate cuts — a factor that could eventually benefit risk assets like cryptocurrencies, depending on timing and market reaction.
Investors are now eyeing $80,000 as a key support level for Bitcoin, a breach of which could trigger more selling. However, analysts caution against counting out a potential rebound, especially if macro conditions shift in favor of risk-on assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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