The virtual currency market witnessed another night of extreme volatility.
Following a sharp decline on April 13, Bitcoin prices collapsed again on April 14, briefly falling below $60,000**—a **7% drop** within 24 hours. Starting at 4 AM UTC, investors faced their worst nightmare: relentless liquidation alerts as Bitcoin **plunged $5,000 (≈¥36,187) in just 15 minutes, wiping out leveraged long positions.
One trader described the chaos:
"Bitcoin’s been oscillating between wild surges and crashes. At these heights, it’s dangerously volatile—sentiment reverses instantly, and money evaporates faster than water."
As of press time, Bitcoin hovered around $62,649, down 9% daily.
👉 Why Bitcoin’s Volatility Matters for Traders
Key Factors Behind the Crash
1. Geopolitical Tensions and Market Sentiment
- Rising global uncertainty triggered a flight to safety, spilling into crypto markets.
- Bitcoin ETF inflows slowed, with $55.07M net outflows** on April 12 (Grayscale’s GBTC alone lost **$166M).
2. Profit-Taking Before the Halving
- Long-term holders sold ~900K BTC since December 2023 (Glassnode).
- Analysts warn of post-halving corrections: past cycles saw 20–38% dips.
3. Mining Profitability Concerns
- JPMorgan predicts a potential 36% drop to $42,000 post-halving, citing squeezed miner revenues.
Bitcoin Halving: What You Need to Know
The Basics
- Event: Block reward halves (↓3.125 BTC), reducing new supply.
- Timing: Expected April 20 (4th halving; occurs every ~4 years).
Historical Impact
| Cycle Year | Pre-Halving Drop | Post-Halving Peak |
|------------|------------------|-------------------|
| 2016 | 38% | +2,800% |
| 2020 | 20% | +700% |
Market Data Recap
- Total liquidations: $966M (258K traders).
- Altcoin declines: Ethereum (–8.5%), Dogecoin (–13.72%).
- Total crypto market cap: $2.4T (–5.8%).
FAQs
Q: Should I sell Bitcoin before the halving?
A: Historically, short-term dips precede long-term gains. Assess your risk tolerance.
Q: How do miners get affected?
A: Rewards drop by 50%, potentially forcing less efficient miners offline.
Q: Are ETFs still driving demand?
A: Yes—$120B+ inflows Q1 2024, but recent outflows signal caution.
👉 Strategies to Navigate Crypto Volatility
Sources: CMC, Coinglass, Glassnode, JPMorgan
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