Crypto Market in Panic: BTC & ETH Plummet as Tariffs Loom 📉😱

by
  • Bitcoin? More like Bit-bye-bye-cash if it doesn’t magic its way above $77,400. 🚀🛑
  • Ethereum‘s about to do a disappearing act below $1,780, poof! 15% gone. ✨💔

Oh, look! The tariff monster is out for crypto blood, and investors are running for the hills ahead of today’s big reveal. 🏃‍♂️🏔️

Crypto’s Tariff Terrors

Since the great orange overlord took office, the crypto world has been a rollercoaster, and it’s looking like we’re about to hit another loop-the-loop. 🎢😵

On April 2nd, a crypto wizard posted on X (the new Twitter, because reasons) that Bitcoin ETFs bled $157.8 million, and Ethereum ETFs lost $3.6 million on April 1st. Tricky, tricky… 😈

Investors are yanking their cash out faster than you can say “crypto crash.” And when the money runs, well, let’s just say it’s not a good look for the market. 👀💸

Oh, and institutions? They’re playing it safe, too, because who wants to be the tariff’s next victim? Not them. 🙅‍♀️🛡️

Price Shenanigans

Despite the doom and gloom, BTC and ETH are putting on a brave face, with tiny gains that are like a “We’re still here!” flag in a storm. 🌬️🏳️‍🌈

According to CoinMarketCap, BTC is hovering near $84,300, and ETH is at $1,860. But those gains? They’re about as stable as a house of cards in a hurricane. 🌪️🃏

Bitcoin’s had a go at climbing the price mountain but hit a 200-day EMA wall. Now, it’s bracing for a tumble. Watch out below! 🧗‍♂️🚀

If BTC stays below the 200-day EMA, it’s looking at a 6.5% nosedive to $77,400. Yikes! 📉🤕

Ethereum’s Price Dance

Ethereum’s also doing the tightrope walk near $1,780. One wrong step, and it’s a 15% plunge into the abyss. 🕺🚀🌌

The daily chart’s a bit like a treasure map, and $1,780 is the X that marks the spot… for a potential nosedive. 🗺️🤑👀

Bearish Bettors on BTC and ETH

Coinglass’s crystal ball shows traders are playing a risky game, stacking up positions like they’re going out of style. Bears are the life of the party right now. 🐻🎉

Short positions are all the rage, and if the trend continues, BTC might as well start packing its bags. 🧳📉

ETH’s not having a great time either. Traders are so bearish, they’re practically growling. 🐾😾

ETH’s bearish bets are sky-high, and if the tariff hammer drops, it’s lights out for the bulls. 💔🐂

Read More

2025-04-02 20:12