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Bitcoin Price Falls $8K to 3-Week Low, Altcoins Crash
Bitcoin nosedived to a three-week low of $52,148 during Sunday's Asian hours.
작성자 Omkar Godbole
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Bitcoin nosedived to three-week lows early Sunday, puncturing the frenzied speculative bubble built into several alternative cryptocurrencies (altcoins) in the wake of Coinbase's recent debut on Nasdaq.
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- The biggest cryptocurrency by market value dropped from roughly $60,000 to $52,148 in 15 minutes during the Asian session, liquidating almost $4 billion worth of positions in the derivatives market, according to Messari's Ryan Watkins.
- While the exact reason for the sudden crash is unknown, the market mood may have soured due to rumors the U.S. Treasury is planning to charge several financial institutions with money laundering using cryptocurrencies. CoinDesk has been unable to independently verify any pending government action.
- In addition, CNBC last night tweeted as new a month-old report on India preparing to possibly ban cryptocurrencies in the country. That month-old report was based on a Reuters story citing an unnamed government official.
- Several news services treated the CNBC report as new, possibly contributing to the sell-off as fears the partial crypto ban in Turkey announced late last week may be spreading. A message to CNBC has yet to receive a response.
- At press time, bitcoin is changing hands near $54,000, representing a 12% drop on a 24-hour basis, while ether, the second-largest coin, is down almost 13%.
- Other altcoins such as XRP, polkadot, litecoin and bitcoin cash have 17% to 20% in the past 24 hours, while dogecoin is nursing a 6% loss, as per CoinDesk 20 data.
- Payments-focused XRP and meme cryptocurrency dogecoin recently saw huge retail-led price rallies as Coinbase’s hotly anticipated listing on Nasdaq on April 14 created general euphoria around the sector.
- Bitcoin rallied above $60,000 in the days leading up to Coinbase's listing and clocked a record high of $64,801 on April 14.
UPDATE (April 18, 12:43 UTC): Updates prices and adds that a month-old report regarding India may also be spooking the market.
Also read: Retail Traders Drove Bitcoin Higher Leading Up to Coinbase Listing, Data Shows
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
알아야 할 것:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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XRP drops 4% as traders watch whether $1.88 support holds
Price stabilizes near recent lows after a volatile pullback from above $2.
알아야 할 것:
- XRP slipped nearly 4% as bitcoin fell below $88,000, with price action driven more by market structure and positioning than by changes to Ripple’s fundamentals.
- Spot XRP ETFs saw about $40.6 million in weekly outflows, suggesting institutional profit-taking and rotation rather than a loss of confidence in the asset.
- XRP remains range-bound in a tight consolidation between support around $1.88 and resistance near $1.93–$1.95, with fading volume pointing to a larger move once the current stalemate resolves.
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