EddieJayonCrypto
7 Apr 25
The price of Ethereum (ETH) has dropped by 10% to an intraday low of $1,601, with the sell-off worsening. Bitcoin has also decreased, reaching an intraday low of $78,882, but its losses are not as severe as Ethereum's. The ETH/BTC ratio is at its lowest level since March 2020. The cryptocurrency mar...
Ethereum (ETH) has plunged by 10% to an intraday low of $1,601 amidst a cryptocurrency market sell-off. Meanwhile, Bitcoin (BTC) has also decreased, reaching an intraday low of $78,882, with less severe losses than Ethereum. The ETH/BTC ratio is at its lowest level since March 2020. This decline follows a $6 trillion drop in the U.S. stock market, prompting major Wall Street trading desks to prepare for intense selling, reminiscent of the 2008 market crash. Analysts and investors are speculating about potential price plunges for Bitcoin.
The altcoin sell-off is worsening, with Dogecoin (DOGE) and Solana (SOL) also on the brink of recording double-digit losses. Despite Bitcoin's earlier resilience during the stock market crash, it is now displaying a risk-on side, prompting predictions of a potential plunge to $60,000 this year. Major Wall Street trading desks are gearing up for intense selling, drawing comparisons to the 2008 market crash, as highlighted by Fox Business reporter Charles Gasparino. The prevailing bearishness is evident in the market.