{"id":838896,"date":"2025-04-04T08:11:30","date_gmt":"2025-04-04T13:11:30","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/04\/why-is-bitcoin-btc-price-crashing\/"},"modified":"2025-04-04T08:11:30","modified_gmt":"2025-04-04T13:11:30","slug":"why-is-bitcoin-btc-price-crashing","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/04\/why-is-bitcoin-btc-price-crashing\/","title":{"rendered":"Why is Bitcoin (BTC) Price Crashing?\u00a0"},"content":{"rendered":"
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After the tariff announcement by United States President Donald Trump, the overall cryptocurrency market witnessed a massive sell-off. Amid this, Bitcoin (BTC), the world\u2019s largest cryptocurrency by market cap, sank over 6%, turned bearish, and is now poised for a significant price decline.<\/p>\n

The potential reason for the market sell-off is the tariff announcement, under which major countries will now face a 10% tariff, while China, the EU, and Japan will face tariffs of 34%, 20%, and 24%, respectively.<\/p>\n

Following this development, BTC has lost its recent support, which it formed during the market uncertainty.<\/p>\n

Bitcoin Technical Analysis and Upcoming Level\u00a0<\/strong><\/h2>\n

According to expert technical analysis, BTC has recently lost the $82,500 support level and has fallen below the 200-day Exponential Moving Average (EMA), indicating that the asset is entering a strong bearish trend.<\/p>\n

Based on recent price action, if BTC closes its daily candle below the $81,500 level, there is a strong possibility it could fall significantly and hit the $77,700 level or even lower in the coming days.<\/p>\n

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Source: Trading View<\/figcaption><\/figure>\n

Besides BTC, other major cryptocurrencies, such as Ethereum (ETH), Solana (SOL), and XRP were hit harder, witnessing price declines of over 7%, 12%, and 7.5%, respectively, in the past 24 hours. Meanwhile, BTC is currently trading near the $81,750 level, and due to the loss of support, it has gained massive attention from traders and investors, leading to an 85% surge in trading volume.<\/p>\n

18,930 BTC Sell-Off by Short-Term Holders\u00a0<\/strong><\/h2>\n

Following this massive price decline and the bearish shift in market sentiment, short-term holders have been shaken. Recently, a prominent crypto expert shared a post on X (formerly Twitter) stating that short-term holders sold 18,930 BTC last night, immediately after the tariff announcement.<\/p>\n

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This massive sell-off by short-term holders indicates that BTC may experience a price crash in the near term.<\/p>\n<\/div>\n

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\n Chandan Gupta<\/p>\n","protected":false},"excerpt":{"rendered":"

After the tariff announcement by United States President Donald Trump, the overall cryptocurrency market witnessed a massive sell-off. Amid this, Bitcoin (BTC), the world\u2019s largest cryptocurrency by market cap, sank over 6%, turned bearish, and is now poised for a significant price decline. The potential reason for the market sell-off is the tariff announcement, under<\/p>\n","protected":false},"author":1,"featured_media":838897,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,4759],"tags":[],"class_list":["post-838896","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-price"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/838896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=838896"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/838896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/838897"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=838896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=838896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=838896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}