The crypto market took a wild ride yesterday, capturing the chaos and speculation in real time. Here’s a rundown of what went down on the daily market recap on April 10, 2025.
Daily Market Recap: April 10, 2025 – Highlights
- Bloodbath Across the Board: Bitcoin plunged to around $75,000, while Ethereum dipped below $1,400. Altcoins weren’t spared either, with red dominating the charts. X users blamed macroeconomic jitters, particularly the U.S. slapping a hefty 104% tariff on Chinese imports, which rattled risk assets like crypto.
- Massive Liquidations: Futures traders were hit hard, with over $840 million wiped out in liquidations within 24 hours, 86% of that from long positions. The scale drew comparisons on X to infamous crashes like the COVID-19 dip or the FTX collapse, amplifying the sense of déjà vu.
- Mixed Sentiment: Opinions on X were split. Some called it a potential turning point for a rebound, while others warned of more pain ahead, with Bitcoin possibly sliding to $68,000. The big question trending: Is this the bottom, or just a pit stop on the way down?
- Project Highlights: Amid the price carnage, a few updates caught attention. Aavegotchi’s shift from Polygon to Base sparked some buzz, though it couldn’t steal the spotlight from the market’s broader turmoil. Check out Why Aavegotchi Ditched Polygon for Base in 2025 for more information.
Overall, the vibe on X was a cocktail of anxiety, uncertainty, and cautious hope. Global economic moves shook the crypto space, and the community’s eyes are now glued to what’s next.
Stay tuned with MevX, this market doesn’t sleep!
