So, let’s get this straight: the US markets are throwing a tantrum, and stocks are diving like my confidence at a date gone wrong. Meanwhile, the crypto markets decide to stir the pot, with over $500 million liquidated—because who doesn’t love a little chaos? Thanks to Trump’s tariffs (there’s a reason we’re all a bit anxious), the selling pressure is roaring like a lion in a fancy restaurant, while the market cap nosedives to a shameful $2.63 trillion. 💸
Will Bitcoin Go to $250K? Or Is It Just Like My Dating Life—Full of Surprises?
Ever since those tariffs were announced, the markets have been clinging to uncertainty like it’s a favorite old blanket. Gold is sparkling like it just got a new haircut, while the US dollar is in a free fall—cue the dramatic music! The DXY Index is having a meltdown, pulling back a tragic 2.83%, but somehow still managing to cling on to support at 100. Talk about resilience!
Now, if you look carefully at the chart (which I definitely didn’t just Google), you’ll see the DXY Index has been busy painting some bearish candles that would make even the most dedicated candle enthusiast cringe. Could Bitcoin be the knight in shining armor we never knew we needed? Perhaps investors will flock to crypto as the USD stumbles about cluelessly. Also, have you seen the BTC hash rate? It’s skyrocketing to an all-time high of around 975.96M! That’s right, mining is as popular as that avocado toast trend!
This increase in the hash rate means a more secured network—because who doesn’t want to feel safe, especially when the markets feel like a dramatic soap opera? But let’s hold our horses. There’s chatter about Bitcoin facing a “death cross.” Yes, as if things weren’t already dramatic enough!
What on Earth is BTC Up to Now?
The selling pressure on BTC has become so predictable it could get its own sitcom. Honestly, support at $81,000 is like that friend who always shows up when you don’t want them to. But brace yourselves, because a drop to $80,000 is lurking, confirming a sad bear pattern that’s bound to make willpower crumble like a cookie in milk. 🍪
As for the charts, the 50/200-day MAs are looking like they’re preparing for a clash that could spell doom for the bull. If sellers continue their dominance—seriously, can they let it go already?—Bitcoin might just hit a new low for the year. But hey, if you’re in it for the thrill of the game, it might just be your golden opportunity to snag some Bitcoin below $79,000. Who doesn’t love a good bargain in these wild markets?
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2025-04-03 21:07