The expert named the reasons for the fall in the value of bitcoin

Bitcoin's decline below the psychological mark of $75,000 is not just a correction, but a consequence of macroeconomic and geopolitical factors that can form a long—term trend. Ilya Sivoplyas, head of the WhiteBird crypto platform's exchange trading department, told Izvestia on April 7.

"Such significant movements often set the direction of the market for a long time. Take at least the example of November 2024, when bitcoin was near the $70,000 mark, and then confidently rushed up, reaching a historical record of $109,000 after the victory of US President Donald Trump," the expert said.

According to him, the situation is aggravated by "Black Monday", which led to a significant drop in both the crypto market and traditional stock markets. Hong Kong stock exchanges lost 11%, Japanese and Chinese — 8% each, and European indexes started with a 4% drop. These indicators clearly indicate a massive withdrawal of capital from high-risk assets.

"An equally worrying factor is that the first quarter of 2025 was the weakest for bitcoin since 2015, showing an 11.7% drop. The situation is even worse for altcoins: Ethereum dropped below 0.020 BTC, and the total market capitalization excluding BTC, ETH and stablecoins decreased by 28%," said Sivoplyas.

According to the expert, in the coming weeks there is a possibility of checking the level of $ 70 thousand, especially if the pressure on the markets remains high. At the same time, improved macroeconomic indicators, such as employment and inflation data, may contribute to a return to the range of $80-85 thousand.

"Despite the negative forecasts, the crypto market has the potential to recover if global risks begin to weaken. In the meantime, a high level of volatility remains, market participants need to be prepared for everything and carefully evaluate their investment steps," concluded Sivoplyas.

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