On April 7, crypto stocks across major Asian and European exchanges suffered steep losses, with Asian crypto stocks seeing double-digit declines. While European exchanges remain open at press time, crypto stocks there have already posted significant losses. In Japan, crypto-related…

Crypto stocks plunge across Asia and Europe, premarket trading signals further losses in U.S. session

BlackRock chief executive officer Larry Fink says its likely the market’s 
reaction could still see another 20% dump. The BlackRock CEO’s comments come 
as the market crash sees stocks plummet for more than 30 days straight. Crypto 
has also suffered…

BlackRock CEO Larry Fink says market could drop another 20%

The official “Statement on Stablecoins” was issued by the SEC’s Division of 
Corporation Finance on Friday as “part of an effort to provide greater clarity 
on the application of the federal securities laws to crypto assets.” 
Regulatory Clarity: SEC Publishes Updated Stablecoin Standards The U.S. 
Securities and Exchange Commission (SEC) issued on Friday a landmark […]

SEC Issues Clarified Stance on Stablecoin Regulation

Global financial markets continued to tumble on April 7, as US equities 
dropped more than 3%, wiping more than $2 trillion in value on market open. 
The pullback saw the S&amp;P 500 drop 2.79%, with the index officially entering a 
bear market, following a 20% decline from its recent all-time highs.
However, the SPX momentarily rallied by 6% after a rumor began to spread on X 
that US President Donald Trump was contemplating a 90-day tariff pause. 
Bitcoin (BTC) price also rallied above $80,000, but after 30 minutes of 
positive price action, the White House confirmed that the rumor was not true.
_Source: X_
The S&amp;P 500 is currently in positive territory for the day. Still, despite 
this uptick, the sustainability of the recovery remains uncertain as bearish 
undercurrents remain the same as before the tariff-pause rumor started to 
circulate.
In Asia trading sessions, where economies heavily depend on favorable global 
trade, stock markets plummeted. Hong Kong&#8217;s equity index suffered a staggering 
13% drop, marking its worst performance since the Asian financial crisis. 
Major indexes in Shanghai, Taipei, and Tokyo also saw sharp declines, ranging 
from 7% to 10%.
In fact, the Nikkei 22 futures suspended trading after it hit circuit breakers 
during its session.
Tensions continued to escalate between the US and China after President Trump 
confirmed an additional 50% tariff on Chinese exports on April 9 if the 
country did not withdraw its initial 34% tariffs on the US by April 8.
_**Related: Bitcoin price retakes $80K as US stocks avoid &#8216;Black Monday&#8217; 
meltdown**_
## Bitcoin hits yearly lows, but BTC whales are accumulating
After initially demonstrating a decoupling from the US indexes on April 3 and 
April 4, Bitcoin price dipped 6.5% over the weekend and dropped to new yearly 
lows at $74,457 on April 7. This is Bitcoin&#8217;s lowest price since Nov. 7, with 
speculators expecting further drawdowns in the charts. Julio Moreno, head of 
research at CryptoQuant, said,
&gt; &#8220;Don&#8217;t catch the falling knife. Conditions have not improved for Bitcoin 
&gt; yet. Only one bull signal is on in the Bull Score Index.&#8221;
On a positive note, Glassnode data revealed that BTC whales (holding over 
10,000 BTC) are intensifying accumulation while smaller holders continue to 
distribute. The Accumulation Trend Score for whales briefly hit a perfect 1.0 
around April 1, reflecting a 15-day buying spree&#8211;the most significant since 
late August 2024.
_Trend Accumulation Score by Bitcoin holders. Source: X.com_
Since March 11, whales have added 129,000 BTC, scoring at 0.65, indicating 
steady accumulation. Meanwhile, cohorts holding less than 1 BTC to 100 BTC 
have shifted to distribution, with scores dropping to 0.1-0.2 for most of 
2025.
This trend aligns with Bitcoin finding support at $74,000, a level backed by 
over 50,000 BTC held by investors dormant since March 10.
Meanwhile, Axel Adler Jr., a Bitcoin researcher, also pointed out that the 
supply dynamics metric indicates that the new Bitcoin supply is currently 
outpacing the annual change in active coins. A positive uptick indicates 
growing demand or accumulation in the market, and historically, such increases 
in this metric have coincided with Bitcoin price recoveries.
_Bitcoin yearly supply change and new coins. Source: Axel Adler Jr._
_**Related: Was Bitcoin price drop to $75K the bottom? &#8212; Data suggests BTC to 
stocks decoupling will continue**_
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Bitcoin, stocks crumble after ‘90 day tariff pause’ deemed fake news — BTC whales keep accumulating

Solana has taken a sharp nosedive, losing nearly 22% of its value and trading 
around $98.09. This steep drop has sent shockwaves through the crypto 
community, sparking fears of an imminent larger breakdown. SOL is now flashing 
red across the board, with sellers firmly in control and bulls scrambling to 
defend critical levels. The decline highlights increasing bearish sentiment, 
likely fueled by technical breakdowns, weak market confidence, and rising 
concerns over broader economic trends. With the $100 psychological barrier now 
broken, all eyes are on the next key support zones. Is A Deeper Correction On 
The Horizon? In his recent post on X, King_Ab highlighted that Solana is 
currently trading around $98.09, marking a sharp 21.84% drop from its previous 
close. He further noted that the day’s trading session has been highly 
volatile, with SOL reaching a high of $120.07 and dipping as low as $98.06, 
underscoring the intense pressure in the market. Related Reading: Solana (SOL) 
Freefall—Can It Hold Above The $100 Danger Zone? According to King_Ab, this 
substantial drop in Solana reflects the broader downturn witnessed across the 
cryptocurrency market over the past week. The decline isn’t isolated but 
rather part of a wider trend of risk-off sentiment as investors react to 
global macroeconomic uncertainty and shifting market dynamics. He pointed out 
that Solana’s market capitalization currently stands at approximately $51.15 
billion, while its 24-hour trading volume hovers around $5.17 billion, 
indicating sustained trading activity despite the sharp correction. This 
combination of declining price and high volume could suggest either panic- 
driven sell-offs or aggressive repositioning by market participants Critical 
Support Breached: Can Solana Hold The Line Below $100? Solana&#8217;s drop below the 
key $100 mark signals a potential shift in momentum from bullish to bearish. 
This level has previously acted as a solid support zone, providing a bounce 
point during corrections. However, with the recent 21% decline, that line has 
been breached, and market sentiment is growing increasingly cautious. Related 
Reading: Solana Faces Defining Level At $120 – Will History Repeat? For SOL to 
regain its bullish momentum, it needs to swiftly reclaim and sustain levels 
above $100 to avoid further downside pressure. If this key level remains 
unheld, Solana might drop to the next support zone around $79.25. A break 
below this level could accelerate bearish sentiments, opening the door for an 
extended decline toward the $58.25 support area, where the bears may gain 
additional control. At this critical juncture, it’s essential to closely watch 
the price action for signs of stabilization or the risk of continued 
capitulation. As the bearish volume rises, Solana&#8217;s ability to reclaim the 
broken support level will likely dictate its short-term trajectory. Whether 
the price can recover above key levels will be a decisive factor in 
determining if the downtrend will persist or if a reversal is on the horizon. 
Featured image from Unsplash, chart from Tradingview.com

Red Alert For Solana: 21% Price Drop Raises Fears Of Further Collapse

An emergency rate cut could signal deeper economic vulnerabilities, 
potentially undermining confidence in the Fed&#8217;s crisis management.
The post Fed may be forced into emergency rate cut before May meeting, 
JPMorgan executive suggests appeared first on Crypto Briefing.