Close Menu
ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

Standard Chartered Predicts Bitcoin Hitting $500K as SEC Filings Fuel Demand

May 25, 2025

Robert Kiyosaki Predicts Mass Financial Ruin, Sees Bitcoin Hitting $1 Million

May 25, 2025

Ripple Hails Crypto ETF Boom as Game-Changer for Institutional Access

May 24, 2025
X (Twitter) Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
X (Twitter) Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Standard Chartered Predicts Bitcoin Hitting $500K as SEC Filings Fuel Demand

    May 25, 2025

    Robert Kiyosaki Predicts Mass Financial Ruin, Sees Bitcoin Hitting $1 Million

    May 25, 2025

    Ripple Hails Crypto ETF Boom as Game-Changer for Institutional Access

    May 24, 2025

    Franck Muller Unveils Limited Edition Solana Watch

    May 24, 2025

    Bitcoin inflows projected to reach $420B in 2026 — Bitwise

    May 24, 2025

    Medical Tech Firm Semler Scientific Gobbles Up Another $50,000,000 Worth of Bitcoin, Now Owns More Than 4,000 BTC

    May 24, 2025

    Hyperliquid trader James Wynn goes ‘all-in’ on $1.25B Bitcoin Long

    May 24, 2025

    Raoul Pal Predicts $140,000+ Bitcoin by July, Says Key Metric Flashing Bullish Signal for BTC

    May 24, 2025

    BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    May 23, 2025

    The future of Web3 is not blockchain

    May 23, 2025

    Bitcoin Primed To Go Higher Faster Than Expected, Says Analyst Michaël van de Poppe – Here Are His Targets

    May 22, 2025

    Whale buys back ETH holdings after missing $2.6M gain

    May 22, 2025

    Analyst Says Full-Blown Altseason Has Started, Outlines Path Forward for Dogecoin, Floki and Pepe

    May 23, 2025

    Crypto, NFTs are a lifeboat in the sinking fiat system: Finance Redefined

    May 23, 2025

    Ethereum price chart targets $4K as transaction fees hit 3-month high

    May 23, 2025

    XRP price fails to respond to two extremely bullish developments — Here is why

    May 22, 2025

    Standard Chartered Predicts Bitcoin Hitting $500K as SEC Filings Fuel Demand

    May 25, 2025

    Robert Kiyosaki Predicts Mass Financial Ruin, Sees Bitcoin Hitting $1 Million

    May 25, 2025

    Ripple Hails Crypto ETF Boom as Game-Changer for Institutional Access

    May 24, 2025

    Franck Muller Unveils Limited Edition Solana Watch

    May 24, 2025
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Videos

    Market Is 'Ticking Time Bomb', Bitcoin On Brink of Eruption | Lawrence Lepard

    May 24, 2025

    Crypto Meets Real Estate: Grant Cardone’s Bold Bitcoin Strategy (Massive Price Prediction)

    May 24, 2025

    Pi Network: You Won't Believe This! Review, History & Potential

    May 24, 2025

    Dollar's Dying! Escape Now or Regret It! (Financial Warning)

    May 23, 2025

    “Do Not Be Fooled!” Kevin O’Leary Issues BIG Warning To Crypto Holders

    May 23, 2025
ApeWatcher News
Home » Double-edged sword during global market turmoil
Double-edged sword during global market turmoil
Bitcoin

Double-edged sword during global market turmoil

Coin TelegraphBy Coin TelegraphApril 8, 20250 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin and other cryptocurrencies are often praised for offering around-the-clock trading access, but that constant availability may have contributed to a steep sell-off over the weekend following the latest US trade tariff announcement.

Unlike stocks and traditional financial instruments, Bitcoin (BTC) and other cryptocurrencies enable payments and trading opportunities 24/7 thanks to the accessibility of blockchain technology.

After a record-breaking $5 trillion was wiped from the S&P 500 over two days — the worst such drop on record — Bitcoin remained above the $82,000 support level. But by Sunday, the asset had plummeted to under $75,000.

Sunday’s correction may have occurred to due Bitcoin being the only large tradable asset over the weekend, according to Lucas Outumuro, head of research at crypto intelligence platform IntoTheBlock. 

“There was a bit of optimism last week that Bitcoin might be uncorrelating and fairing better than traditional stocks, but the [correction] did accelerate over the weekend,” Outumuro said during Cointelegraph’s Chainreaction live show on X, adding:

“There’s very little people can sell on a Sunday cause most markets are closed. That also enables the correlation because people are panicking and Bitcoin is the largest asset they can sell over the weekend.”

Outumuro noted that Bitcoin’s weekend trading can also have upside effects, as prices often rally in calmer conditions.

Related: Trump tariff negotiations are ‘all about’ China deal — Raoul Pal

Bitcoin initially “decoupled” from traditional assets after the US stock market saw a $3.5 trillion drop on April 4 as US Federal Reserve Chair Jerome Powell said the Trump administration’s “reciprocal tariffs” could significantly affect the economy and lead to higher inflation.

However, Bitcoin fell below $75,000 on April 6 as the panic from traditional markets spread to cryptocurrencies over escalating trade war concerns.

Related: Bitcoin price can hit $250K in 2025 if Fed shifts to QE: Arthur Hayes

Most Bitcoin investors are “all in” and overleveraged — Adam Back

Adding to Bitcoin’s 24/7 trading mechanics, numerous Bitcoin holders are overleveraged, according to Blockstream CEO Adam Back.

Speaking during a fireside chat with Cointelegraph managing editor Gareth Jenkinson at Paris Blockchain Week 2025, Back said:

“The problem with the Bitcoin market is most of the people who are into Bitcoin are all in. So they’ve got no money. And worse, some of them are leveraged or overleveraged and it trades 24/7.”

Adam Back during a fireside chat with Cointelegraph’s Gareth Jenkinson. Source: Cointelegraph

“On a weekend, there’s not much volume. So you have a worse risk of rapid sort of flash crashes or flash dips that get filled in again,” he said.

Back also reiterated his belief that Bitcoin will rival gold over the next decade as a hedge against rising monetary inflation.

Magazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler’s Digest, March 23 – 29

Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin inflows projected to reach $420B in 2026 — Bitwise

May 24, 2025

Medical Tech Firm Semler Scientific Gobbles Up Another $50,000,000 Worth of Bitcoin, Now Owns More Than 4,000 BTC

May 24, 2025

Hyperliquid trader James Wynn goes ‘all-in’ on $1.25B Bitcoin Long

May 24, 2025

Raoul Pal Predicts $140,000+ Bitcoin by July, Says Key Metric Flashing Bullish Signal for BTC

May 24, 2025

Bitcoin treasury companies will hold ‘way more’ than Bitcoiners expect: Exec

May 24, 2025

Bitcoin ETFs post $2.75B in weekly inflows as price sits above $108K

May 24, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Articles

Standard Chartered Predicts Bitcoin Hitting $500K as SEC Filings Fuel Demand

May 25, 2025

Robert Kiyosaki Predicts Mass Financial Ruin, Sees Bitcoin Hitting $1 Million

May 25, 2025

Ripple Hails Crypto ETF Boom as Game-Changer for Institutional Access

May 24, 2025
ApeWatcher News
X (Twitter) Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2025 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.