Bitcoin Forum

Wow, what a drop in price across all crypto look at this heatmap showcasing it

https://cdn.imgchest.com/files/7bwck3zwgv7.png

Bitcoin is down 8% and most altcoins are down 20%, 30% today. Bitcoin has its drawdown in a bull market or correction in beginning of bear market, but it's better than altcoins.

History in previous market cycles from bull to bear years shows this fact, but people mostly ignore lessons from the past and want to try, experience and learn their own lessons with money. Today, it's their opportunity for experience and lesson learn.

You can check information with trading view charts, and type TOTAL, TOTAL2, TOTAL3 and explore how Bitcoin and altcoins perform today.
https://www.tradingview.com/chart/

Most altcoins will increase and fall massively. What happened today is not new on altcoins as they are pump and dump. This is the reason I prefer bitcoin. Yes bitcoin fall today but know that this is not new at all. This has not changed the fact that bitcoin will still increase back and get to ATH.

Unless the market structure changes, we are in a down trend. It's as simple as that and we need to realise that. As long as we belive crypto is highly volatile, a moment like this shouldn't be thing of shock to us. It's really sad to see but don't let the noise distract you. I won't advise anyone to hold or sell, let them go by what they believe.

What's more important is that, bitcoin continues to lead the crypto market narratives maintaining its dominance over altcoins despite the hard time. I'm not happy but there's no really pressure here because we are already familiar with it.

Many of the altcoins I hold are roughly 25% down last 24 hours.

It is frustrating, this is my first cycle and i didn't expect this bad price action in a peak bull run year but here we are.

What gives me hope is when i look at the screenshots i have taken of my portfolio over the last 12 months, I went from break even to +200% in just 5 weeks end of 2024 and I believe that will be possible again in the next month or so once we get rate cuts and trade war ends.

Trump knows what he is doing, he has crashed the markets as he wants many rate cuts this year.

I am mainly just holding through all this, bought a bit yesterday but dont have much spare cash so I am happy waiting for this all to end and the market to turn bullish again and it will.

Facts. Every cycle it’s the same, BTC holds better during corrections. Altcoins bleed harder, always have. If you're ignoring past data, you're just paying for the same lesson again.

Normal, it's a free market that works 24 hours a day, 7 days a week, and people are very emotional, they can't see bad news without selling, well, the winners in this game are those who have real conviction and know what they're doing.

No point in posting this in the "Bitcoin Discussion" board, this is all about $hitcoins and is a
great visual on how its better to ditch the crap and switch to Bitcoin.

I'm sorry for anyone who is losing on their "Crypto" holdings, but there have been endless
discussions about the merits of ditching $hitcoins and switching to Bitcoin.

Check stock market and you will notice that everything is falling down ever since the increase of tariff by Trump take effect.

Bitcoin and altcoin market just share the downtrend of global market because investors wants to secure money while the market is bearish. This is just a temporary downtrend for Bitcoin since there’s a strong demand for it when the price is down.

Same when the pandemic first hit. Crypto market plunge badly but recover afterwards even though stock market is still not recovering.

You only lose if you sell, altcoins are down 25-30% last 24 hours but they pump a lot quicker once Bitcoin recovers.

Bitcoin is currently at $77k , maybe we might see it double in price to $150k later this year, that's only a 2x.

Many altcoins will 20x or more during that same time. Yes some will go to zero but if you are spread then hitting a few 20x winners and losing a few is much better then just buying Bitcoin for a poxy 2x return.

Bitcoin is good for those who have big money but for the average person we want bigger returns, especially for those like me whose first cycle this is. We want to make money with our altcoins this bull run and then put those profits into Bitcoin next few years when we have more capital available to invest.

Indeed, the crypto market is currently plummeting, as well as the price of Bitcoin today from the price of $82.8K down to $76.9K
https://zizihub.com/374f29.jpg

Meaning: $ 5.9k has been lost, if they buy at $ 82.8k.

In my addressing the Crypto Market for this week continues to plummet, there are several factors that allow the Krypto market to fall, but for my observations the decline of the Bitcoin market today has a great impact on this factor: The Crypto Market Finally Gives In: Over 200 Million Dollars Liquidated Today (https://www.cointribune.com/en/the-crypto-market-finally-gives-in-over-200-million-dollars-liquidated-today/), For me it is rational and reasonable, rather than the effects of Trump's policies or other rulers, because the crypto market is greatly determined on sellers and buyers, slightly influence on the rulers' policies such as Trump tariffs and so on.

Yes, the market is in red so we must be careful deciding because we don't know what will happen. You don't need to worry or afraid with the current situation because this is just temporary and everything will be okay. What you need to do is prepare your money to buy the coin, Bitcoin or altcoin, in a low price. If you want to accumulate Bitcoin, this will be a good time for you. If you want to buy altcoin, you need to be careful because not many altcoin can increase back after this down. You need to research deeper to decide so you don't buy the wrong coin.

Bitcoin today is over 2K liquidated which should not be seen surprising to those being here for times now having been aware of how effective the global economy system can affect the value of bitcoin and other cryptocurrencies. This are most accused of Trumps tarrif policies because investors economy stock investors now have poor budgets and could not afford to buy bitcoins or diversify to other cryptocurrencies.
Obviously this poor liquidation that has affected the alts is the decline for bitcoin to maintain stability if at all it can't climb up. So the alt coins being dependant to it market values also get affected.
While manu are busy crying out at this looked crippling of the crypto markets, some other investors are accumulating but I only pity for those who invested on the coins with poor market cap that cant hold good values and resists dust at this bad times for the market.

This is already in the calculation that the market will become bleeding in a few times before the formation of the Bullish market again is a Bitcoin cycle which in several times has often happened like this is not strange like this, people who are prepared to understand that bitcoin and altcoin will definitely bleed.
The market is due to the effects of Trump's tariff policy in global trade and that causes a lot of sentiments that make the Bitcoin market unpleasant and uneasy so that many retail and institutions make withdrawals to secure the value of their money in Bitcoin while saving first in the Stable Coin for fear of the decline that will continue, because it seems like the problem that occurs in this global economy will have a long time.

We have been having encounters like this that from the start of the week, you will discover that the markets go red all through before coming to settle and go more bullish after the correction, this period is always very favourable on short time investors, those who are going to buy at this period and later sells the moment it rises up again, if we are very much accurate on our speculations from the market charts as at yesterday, we are going to discover that they already shows the indications for the red we had today since yesterday.

Its looking much better now https://priceofcrypto.net/#heatmapModal

It is looking much better today

https://cdn.imgchest.com/files/yrgcnbmpvm4.png

It is looking better but i dont feel like we are in the clear just yet , I will not be happy until we hear some good news regarding the tariffs and Bitcoin back above $82k.

Not just the start of the week but sometimes start for the month, start of the year, cycle, etc... But if we are talkin about week, then maybe the closing of the week is going to be positive, right? Therefore there is no need to worry for those who are not used to this, although yeah, this is a great opportunity for those who are only in for the short-term. Maybe many are then going to be encouraged to follow their path? Hmm.. well, why not? Also to make a change, if they haven't tried it yet.

It is hard to be accurate but even if we do today, there is still no guarantee that we can also be correct tomorrow. There are lots of factors that can affect the market though.

With the way most markets are going down, crypto wasn't really an exception. On contrary to what happened with the crypto market, I expected it to go up, because if other markets are going down that means fiat is losing value and when fiat is losing value, that should make bitcoin gain value and when bitcoin goes up, all other coins should go up. That is not how it happened, when the markets crashed, people took their money out of bitcoin and crypto as well.

This is a bad time for investment, everyone is bleeding at the moment. Trump and his tariffs are doing a terrible job at the market. Even he himself (and his voters) are saying that this is normal for the short term, so nobody is saying this is good, this is actually very bad, we just have to hope it will one day get better.

If anyone wants to check out the real-time heatmap updating as you're looking at it here it is https://priceofcrypto.net/#heatmapModal

Why it do shows like this?
height=328]https://www.talkimg.com/images/2025/04/08/xADo3.png[/img]

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On side note, this is much more that look interesting to watch on.
https://cryptobubbles.net/
https://apps.apple.com/us/app/crypto-bubbles/id1599892658

Speaking about bleeding red today, then if you are just that new into this market then you should better get used to it because this is how this market works in the first place.
Make yourself that getting used to this one so that you wont be on panic, because if you've been that having the experience then you wont be getting shocked into these times or moments.
Instead on freaking out, you would be rather happy because you do see that this is the best time to make some accumulation or buybacks. So it will be that up to you on how
you would be gonna handling yourself.

Market could only be having two possible movements on which neither be going up or down. As a trader then we do just simply follow up that basic rule of buy low sell high thing.
Skills and analysis will differ at the moment or time that you do apply such things at the moment you do trade or invest.

I am not sure for me it loads fine, probably you're having connection issues with binance servers

Whenever the price of BTC is pumping and dumping, it will surely affect altcoins price too, which is what you are seeing around altcoins price because the red candle light is displaying in the altcoin market.

For those that know how altcoins price use to behave in the bear run, I don't think they will get panic about the recent dump of the price of altcoins. If you are hodling ETH, Sola and BNB in this season, you don't need to be worry because some analysts said there will be massive altcoins bull run before the end of this month of April for those hodling all those altcoins to smile.

I have just seen the latest news with China now hitting US with 84% tariffs.

I am not sure how long this will last but surely it cant go on for too long? The market needs this tariff mess sorted asap.

How long do we think it will take for all this to sort out and markets start to recover again?

There are two sides to a coin. Trump started the raising of the tariffs, and at the latest he made Chinese tariff 104% on USA, so that was just the start, obviously China couldn't just take it and be ok with it, they responded by making US tariffs 84% on their nation in return. If Trump didn't do any of this, then there wouldn't be any of what we are seeing today.

This means, the whole "use China" thing companies do is basically over now, that won't be the case, or if they continue, the price increase would be beyond imaginable for the products, which would make it very hard to sell at a higher price considering us citizens already facing a huge inflation too. As long as we keep having this tariff war trump started, nothing will recover.

Well I do think there is going to be alot of red days like that. We are not in a 'bear market' yet but we can not know if these days of bleeding red will stop some time soon.
Price of Bitcoin has been going below 80k and then it is correcting more then 80k. And the alt coins are not making us alot of profit right now. It is a good time for us to stack cheap stats and just hodl the coins.

Check out the heat map again and for sure you're going to love what you'll see today. The market has recovered a bit and this is a good indication that the market is very healthy. Some dips may be found and come but they're not going to stay for a longer time and that's the same thing for being at the top. So, we're looking at how balance the market is even if with so much manipulation that are happening in the global markets, the crypto market might bleed but it will continue to stand to its own feet.

And it's been up above $80k once again.

Only newbies to the cryptocurrency market will panic because of a short-term market crisis and, we already know how the crypto market behaves at every point in time, most of those who panic during such a short-term market dump are those who came into the crypto market with the mindset of becoming a millionaire overnight and when they expectations fail to materialize their tend to start panicking.

We always get to see newbies and people that are in panic attack whenever they see the market bleeding and the crypto heat map is surely is a disgrace to our eyes.

It is okay if they're short term to the market but they will learn the valuable lesson that this market is best if they'd stick to the long term. And they have to remove that mindset of thinking that they'll become an overnight rich person because that's how it goes. But soon, they will also be calm as us because experience teaches the best thing to do on these situations.

Can we believe that the same crypto bleeding red then now has been making us proud showing green everywhere, what about those that sold as at then, haven't they been on loss now, while as for those that have been able to hold, they are now seeing the benefits of doing so because they never let the fear of the bear catch on them as the market plummet, same way we are going to have it, if we made it above hundred thousand dollars, people will never regret holding, patience is just the key and we must see to understand this.

It's always like this, crypto recovers at maximum pain point is literally the most obvious thing that will happen ever but panic seller will always dump, had they waited, they could've made their profit back, though not with most of altcoin since they dumped so bad current gain is just measly.

Honestly, kind of hoping trump's tariff pause will last forever or he suddenly changed his mind on his tariff stance, he recently lifted tariff toward semiconductors and electronics, he can definitely lift them all.
By then market will recover and we might see the new ATH for bitcoin.

I can see the possibility that it's timed for double top, if we aren't just going down from here. That would be interesting fluctuation for altcoin markets, at least for 3 months.

I don't have enough confidence to put this action on leverage markets until it hits that double top, and maybe fake out, but when it starts to drop there, it's certainly over for this cycle.

The main difference between Bitcoin and Alts is that Bitcoin will eventually recover to cover up the losses but that's not the case with Alts. Bitcoin price bounced back strongly after the news of pause in tariff broke out. I am not a big fan of Alts that's why can't tell behaviour of Alts on that news but there recovery rate is less compared to Bitcoin. If you are investing in crypto then your first choice should be bitcoin because it's for long term while nothing can be said about the life of an Alt.

Panic when you are a newbie is a very common feeling, too many newbies feel the same emotion during the fall and that means it is normal. If every newbie feels the same way, how could we say that is not common or normal reaction, it is clear that we are all seeing the same thing. In order for them to get better they just need to spend some more time and gain some more experience, with time they are going to end up with a much better result and they are going to gain some knowledge about the drops in price as well.

When you become a veteran, a drop isn't something you are scared of or you do not panic, you just end up realizing that is a discounted price and start to buy more from it, which is why gaining experience is important.

Those who have spent some time in the market are familiar with this bloody landscape. We've seen even bloodier charts before, so this is nothing new to the crypto market, known for its extreme volatility.

However, the market has rebounded, and Bitcoin and other major cryptocurrencies are beginning to improve and recover. Due to the turbulent global economic situation caused by the tariff crisis sparked by Trump, the market will remain volatile for some time.

Yes, its true that for those who have been here on this market or a while do see up these things to be just that like an ordinary day here on crypto space on which dumps and pumps could definitely happen. If you are just that new into this market then you do easily freak out but on the time or moment that you've seen these movements but once you do able to get up that sufficient experience and awareness on how this market moves or behaves then it will be that making you just that seeing these current movements to be also like an ordinary day. Instead on trying to freak out, you would be rather searching for possible entries instead.

Crypto market could bleed or could make out some moonshot on which means that it will be that up to you on how you do gonna deal up with things accordingly. On the moment that you do have that experience then you would definitely have the idea on what you should gonna do. Those heat maps or bubble maps shows about those % drops or gains on specific crypto out there but for me i dont usually that wanting to look up for these things as if these will be that giving out that unease feeling specially if you have seen your coins/tokens being shown on there, but well if you do find yourself having that knowledge and experience then you wont be that easily disrupting yourself whenever on what you do saw on the market.

Experience speaks for itself and you can be able to determine the difference in between experience/knowledgeable to those who are just that new into this crypto space. Its never been easy and it would never be.
There are just that those times or moment you cant be able to avoid to make out such reaction.

No need to worry about the current situation, coz this always happened specially if there's a decline on bitcoin price , wherein mostly altcoin in the market were affected. I know a lot of people expecting alt coin season to be happend after the bullmarket of Bitcoin and other top assets, but sad to say seems there's an issue reason it still didn't show up and no sign until now for the altcoins to improve. Hence, a best opportunity to accumulate more.

Recent chart seems promising, BTC got pumped from 84k to 88k in less than 24 hours.
I wouldn't expect anything great as long as china and the US still on a tension but this is a good sight to see, I think we will see BTC going to 90k again next week.

Just see M2 supply of china and US, both of them reaching ATH and asset like bitcoin will skyrocket.