Bitcoin, Ethereum, XRP, Dogecoin See Modest Rebound After Monday's Sell-Off

Author: Khyathi Dalal | April 07, 2025 02:06pm

Major cryptocurrencies are staging a slight recovery after a brutal Monday sell-off. The broader downturn in digital assets continues to mirror turbulence in traditional markets, as investors react to escalating geoeconomic tariff conflicts.

Cryptocurrency	Price	Gains +/-
Bitcoin (CRYPTO: BTC)	$78,891.70	-0.6%
Ethereum (CRYPTO: ETH)	$1,564.21	-3.9%
Solana (CRYPTO: SOL)	$107.17	+1.4%
XRP (CRYPTO: XRP)	$1.91	-4.3%
Dogecoin (CRYPTO: DOGE)	$0.1486	-3.3%
Shiba Inu (CRYPTO: SHIB)	$0.00001141	-0.2%

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 17.9% and daily active addresses falling by 6.8%. Transactions greater than $100,000 are up from 6,738 to 7,593 in a single day. Exchanges netflows are down by 192.6%.
• Coinglass data reports 432,028 traders were liquidated in the past 24 hours for $1.46 billion.

Notable Developments:

• Strategy Reports $5.9 Billion in Unrealized Bitcoin Losses, Pauses New Purchases
• Bitcoin, Ethereum, XRP Drowning In Tariff Tsunami: ‘Fall To $50,000’ Possible, Expert Warns
• New ETFs Offer Bitcoin Exposure With Built-In Safety Nets
• Peter Schiff Says Trump’s Tariffs Are ‘Dumber Than A Strategic Bitcoin Reserve’
• Tether Just Bought 8,888 Bitcoin for $750M – What Do the Charts Show?

Top Gainers:

Cryptocurrency	Price	Gains +/-
SPX6900 (CRYPTO: SPX)	$0.4924	+23.2%
Fartcoin (CRYPTO: FARTCOIN)	$0.5133	+21%
DeXe (CRYPTO: DEXE)	$15.62	+7.8%

Trader Notes: Crypto trader ShardiB2 believes Bitcoin will “at least test $80,000,” highlighting the area as a significant resistance level.

$BTC has to at least test 80k… a lot of resistance there pic.twitter.com/fnq140W55Q

— Don't follow Shardi B if you hate Money (@ShardiB2) April 7, 2025

Javon Marks points to a consistent pattern of bullish signals throughout Bitcoin's major price movements—from $16,000 to a projected $109,000. He notes similar strength at prior key dips around $20,000, $38,000, and $49,000, now surfacing again near $74,000.

While Cryptomist sees Bitcoin struggling to break past $81,500, he believes the reversal from $72,000 remains intact. Castillo Trading expects further choppy price action in the short term, suggesting an ideal trading range between $74,000 and $86,000 as uncertainty from tariff-related developments keeps market sentiment cautious.

Even though we have seen a lot of red recently. Still in the mindset of choppy price action continuing.

Range between $86k-$74k would be amazing to trade. Still uncertainty across all markets, anything tariff related causing a reaction.$BTC #Bitcoin pic.twitter.com/Yi0YG35sgs

— Castillo Trading (@CastilloTrading) April 7, 2025

Super Bitcoin Bro notes the current correction is milder than last summer's and remains above key technical levels, including the 50-day EMA and SMA. He asserts that "nothing about this screams cycle is over," and sees a 100% gain from here as far more likely than a 50% drop.

Despite the red candles, the tone from leading traders remains cautiously optimistic, with Bitcoin's macro trend still firmly bullish.

Read Next: 

• Millionaire Crypto Trader Reacts To Bitcoin Mega-Crash: ‘You Have Only One Job Here: Survive’

Image: Shutterstock

Posted In: $BTC $DEXE $DOGE $ETH $SHIB $SOL $SPX $XRP