Bitcoin Falls Below $77,000, Down Nearly 8% in 24 Hours

In Brief:

BTC dropped to $76,900, marking a 7.79% decline in the past 24 hours.

This marks one of Bitcoin’s steepest single-day drops in recent weeks.

Bitcoin’s price fell sharply below $77,000 on April 7, with HTX market data showing a 24-hour decline of 7.79%. The sudden drop follows heightened volatility across both crypto and traditional markets.

The steep decline comes amid broader macroeconomic uncertainty, including ongoing geopolitical tensions and market reactions to recent U.S. policy shifts. Analysts note that BTC's recent volatility may reflect profit-taking after its Q1 rally and increased caution among traders.

Bitcoin is now trading near $76,900, and sentiment indicators like the Crypto Fear and Greed Index have slid deeper into “fear” territory, suggesting weaker market confidence.

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