Coingecco analysts associated the fall in the level of capitalization with macroeconomic factors – an announcement of trading duties in the United States and the subsequent fall in the profitability of the investment instruments of the global financial market.
Traders of the Kalshi predictions trading platform appreciated The probability of a recession of the US economy in 2025 is 61%, enhancing the panic of crypto -investors. Traders of another large prediction platform, Polymarket, Assess The possibility of recession is already 63%.
Against this background, on April 7, cryptocurrency markets opened in the Red Zone, demonstrating the fall in the value of digital assets in all price categories from 7.6% to 18.8%. At the same time, over the past day, due to the volatility of the weekend, have been liquidated Long and short positions of crypto traders worth more than $ 1 billion.
In Coingecco, “Black Monday Krypninka” was compared with the sudden collapse of the global stock market on October 19, 1987, when all the main stock indices fell sharply, and the Dow Jones Industrial Average (DJIA) index in the United States collapsed at 22.6%, which became the largest one -day percentage percentage in its stories.
Earlier, Glassnode analysts said that since the end of February, Bitcoin has been stuck in a narrow price range and has been in a state of long -term “emotional and financial hangover” for several months. Their colleagues from the QCP Capital added that Bitcoin, ether S&P 500 has demonstrated the worst quarterly indicators over the past three years, and since the end of March the crypto industry has already lost more than $ 160 billion from its original market capitalization.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
