Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»If Bitcoin crashes to $64,000, the alternative market will crash
ETHEREUM NEWS

If Bitcoin crashes to $64,000, the alternative market will crash

By Crypto FlexsApril 12, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
If Bitcoin crashes to ,000, the alternative market will crash
Share
Facebook Twitter LinkedIn Pinterest Email

The value of Bitcoin (BTC) plummeted below $65,000 on April 12, from a high of $71,000 earlier in the day as a wave of selling hit the cryptocurrency and stock markets, sending some altcoins down more than 15% in a matter of minutes. That’s a big drop. .

The decline reflected widespread selling across asset classes amid heightened global economic uncertainty and geopolitical risks.

Bitcoin has recovered slightly after its violent decline and is trading around $67,300 at press time, according to CryptoSlate data.

Ethereum, the second-largest cryptocurrency by market capitalization, fell 12% to $3,100 and, after taking some losses, closed down 8% at $3,244 at press time.

Meanwhile, BNB and Solana (SOL) fell nearly 14% before recovering some of their losses. Both tokens have fallen about 12% over the past 24 hours at press time, trading at $593 and $153, respectively.

Smaller cryptocurrencies faced even steeper declines, with tokens such as Cardano (ADA), Avalanche (AVAX), and Bitcoin Cash (BCH) posting losses ranging from 15% to 20%.

The slump in cryptocurrency markets led to one of the biggest leverage losses this month, wiping out about $850 million from leveraged derivatives positions, according to CoinGlass data, $770 million of which were in anticipation of price increases. It was a buy position.

Traditional stock markets also suffered losses as investors feared an escalation in Middle East conflict following warnings from U.S. officials about a possible Iranian attack on Israel.

This uncertainty has driven investors to safer assets, which has pushed Treasury bonds and the U.S. dollar higher. Meanwhile, the S&P 500 and Nasdaq 100 each fell about 1.7%. Gold prices briefly surged above $2,400, a record high, and oil prices rose 1%.

Commenting on today’s event, Ryze Labs predicted continued volatility in cryptocurrencies in the near term due to the upcoming tax season. Despite the immediate market jitters, the company maintains a positive long-term outlook, predicting that loose monetary policy and a slowdown in quantitative tightening can stabilize and boost the cryptocurrency sector.

As global markets struggle with economic indicators and geopolitical tensions, the cryptocurrency sector is particularly sensitive to these developments and is bracing for further volatility that may occur as tax season approaches and beyond.

The post Alts Collapse After Bitcoin Crashes to $64,000 appeared first on CryptoSlate.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Leeum World Fair Announcement

September 24, 2025

The FTX distributes bankruptcy $ 1.6 billion this month.

September 20, 2025

Vulnerability or orbit again? BTC has a line at $ 115K

September 16, 2025
Add A Comment

Comments are closed.

Recent Posts

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025
Most Popular

Franklin Templeton Leads Bitcoin ETF Fee War

January 13, 2024

iFinex works with the Government of El Salvador to develop a digital asset and securities framework.

May 13, 2024

Ethereum Layer 2 developer Taiko announces $15 million Series A round ahead of mainnet launch

March 2, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

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