Market fluctuations have intensified, Bitcoin is oscillating between 74K and 81K, with nearly one billion dollars getting liquidated across the network.

The global market is experiencing significant fluctuations, with the market swinging up and down based on news about tariff developments. Trump pointed out that he does not consider suspending plans to impose additional tariffs on dozens of countries, but he still hinted that he is willing to negotiate. The S&P 500 index closed down 0.23%, having fallen more than 10% over the past three trading days, the worst since the outbreak of the COVID-19 pandemic in 2020. Bitcoin, after experiencing fluctuations between 74K and 81K yesterday, has risen to around eighty thousand dollars.

Wall Street tycoons are issuing warnings

As the market fluctuates, some Wall Street giants are sounding the alarm. Hedge fund manager Bill Ackman stated that if Trump pushes for a large-scale global tariff policy on April 9 as scheduled, it could trigger market panic and an "economic nuclear winter," severely damaging the United States' international reputation, investment environment, and the livelihoods of its citizens. He urged the president to set a 90-day moratorium to replace confrontation with negotiation and avoid a "self-inflicted market collapse."

( Hedge fund giant Bill Ackman warns: The tariff war could trigger an "economic nuclear winter" severely damaging the credibility and market of the United States )

JPMorgan CEO Dimon warned: "In the long run, this could be disastrous."

Goldman Sachs raised the likelihood of an economic recession in 2025 to 45% on Sunday, up from 35% a week earlier.

VIX surged to 60 and then fell back

The VIX index has retreated after reaching 60 earlier on Monday.

During the market crash in August triggered by the closing of arbitrage trades in the Japanese yen and fears of economic recession, the index briefly reached a high of nearly 66 points, while during the sell-off caused by the COVID-19 pandemic in 2020, the index once touched 85 points. In 2008, concerns about the financial crisis severely hit the stock market, and the index soared to nearly 90.

The market is experiencing fluctuations, with nearly one billion dollars in liquidations across the entire network.

Bitcoin led the decline in the Asian session yesterday, once plummeting to a low of $74,508. In the evening, it was reported that Kevin Hassett, Chairman of the National Economic Council, stated that Trump intended to extend the tariff implementation for 90 days. BTC briefly surged past 81K, but the White House later denied this rumor, causing Bitcoin to fall back again, reporting above 79K before the press deadline.

With the overall cryptocurrency market experiencing a sharp correction, Ethereum (ETH) has performed particularly weakly, briefly falling to $1,411 yesterday. Not only did its price decline lead the pack, but its market capitalization has also dropped to a new low in a year, raising concerns in the market about its long-term competitiveness.

( Bitcoin market share reaches 63%! Ethereum's market value percentage hits a new low for the year, as the crypto market focuses on ETH's long-term weak trend )

Due to the market's fluctuations, nearly one billion dollars in positions were liquidated across the network within 24 hours, with Bitcoin accounting for 387 million dollars and Ethereum for 263 million dollars.

This article discusses the intensified market volatility, with Bitcoin fluctuating between 74K and 81K, and nearly one billion dollars in liquidations across the network. It first appeared on Chain News ABMedia.