Bitcoin falls below 78K, the entire network gets liquidated 800 million, Asia's opening market welcomes a bloody storm.

Due to the Trump administration's continued trade war, economists warn that this move will lead to an economic recession. Bitcoin fell below 78K this morning, US stock index futures experienced a big dump, and the S&P 500 index has entered a Bear Market. Asian markets are preparing for a tough Monday.

(Taiwan stock market may face fluctuations after the holiday! The Financial Supervisory Commission takes urgent action with three major measures to stabilize market confidence)

Bitcoin leads the fall breaking 78K, with 800 million in liquidations across the network.

Gold bull Peter Schiff stated this morning: "After Friday's delayed reaction, the cryptocurrency market has finally started to crash. Ethereum has fallen to its lowest level since October 2023, down 65% from its peak; while Bitcoin has just dropped below $81,000, breaking last week's low. For those trapped in Bitcoin ETFs, today could be a long day."

After a delayed reaction on Friday, crypto is finally starting to crack. Ether has already fallen to its lowest level since Oct. 2023, down 65% from its peak, and Bitcoin just traded below 81K, taking out last week’s low. It could be a long day for those trapped in Bitcoin ETFs.

— Peter Schiff (@PeterSchiff) April 6, 2025

Before the deadline, Bitcoin has fallen below 78K, just a step away from the low point of 76,606 on 3/11.

Ethereum has fallen to around 1,500 USD. In the last 24 hours, 800 million USD worth of positions were liquidated, with Bitcoin accounting for 284 million USD and Ethereum for 228 million USD, which can be described as blood flowing like a river.

Source: Coinglass Market Fear, how to respond?

Coinglass's fear and greed index came to 34, and the market went into a panic situation again.

Due to the tariffs imposed by President Trump of the United States, which have triggered a global trade war, consumers and retail investors are under pressure. This trade war is severely impacting the market. The author has compiled insights from many experts as well as some personal observations, hoping to provide some direction for everyone—from daily consumption to adjustment strategies for investment portfolios—to cope with this hard battle, the duration of which is uncertain.

( Tariff Tsunami Financial Survival Guide, from Investment Diversification to Strategy Sharing )

This article reports that Bitcoin has fallen below 78K, with 800 million in liquidation across the network, as Asia's market opens to a bloodbath, first appearing on Chain News ABMedia.