Bitcoin price today 07/04/2025: BTC falls to US$ 74 thousand and the week indicates strong pressure on the markets

• Bitcoin hits low of $74 today
• Market awaits US inflation data
• Altcoins fall as Bitcoin dominance rises

Bitcoin's price opened today with significant losses, falling to the level of US$ 74 thousand on Monday 07/04/2025. The movement marks the lowest price of the cryptocurrency in about five months and reflects the increase in tension in global markets in the face of the intensification of the trade war led by Donald Trump.

After hitting $88.500 last Wednesday, the asset faced significant selling pressure in the following days. Despite briefly defending support at $80.000, BTC broke through that mark on Sunday night, extending losses as European markets opened this morning.

Bitcoin Crash Today

During the Asian session, the asset reached US$77.000 and, in the following hours, registered a low of US$74.500. This downward movement coincided with the devaluation of US futures, which could signal more volatility in the coming days.

Even with a slight recovery to $76.000, Bitcoin’s market cap has fallen to $1,5 trillion. Its market dominance has risen to 60,7%, reflecting the even weaker performance of altcoins.

Among the negative highlights were ETH and XRP, which recorded drops between 8% and 15%. BNB was one of the few altcoins to suffer more modest losses, limited to single digits. The widespread pressure on digital assets indicates a market under strong risk-aversion sentiment.

Week could be volatile and turbulent with Trump, Consumer (CPI) and Producer Price Index (PPI) in focus

Part of this pessimism is also linked to expectations for relevant macroeconomic data in the United States. The FOMC minutes will be published on Wednesday and may offer clues about the US central bank's next decision.

On Thursday, investors will be paying close attention to the Consumer Price Index (CPI) report, which could indicate renewed inflationary pressures. Data on jobless claims will also be released. On Friday, the focus will turn to the Producer Price Index (PPI) and consumer sentiment, data that complete the analysis framework for the Federal Reserve's behavior.

The trade tariffs imposed by Trump are expected to start having a direct impact on economic indicators as early as this week, especially after China's response expected on Thursday. With the cryptocurrency market sensitive to these variables, the risk sentiment remains prevalent.

This week's events:

1. “Reciprocal Tariff” Responses Likely to Begin – Monday
2. Fed Meeting Minutes – Wednesday
3. March CPI Inflation Data – Thursday
4. Initial jobless claims data – Thursday
5. March PPI Inflation Data – Friday
6. Michigan Consumer Sentiment Data – Friday

Key Events This Week:

1. "Reciprocal Tariff" Responses Likely Begin – Monday

2. Fed Meeting Minutes – Wednesday

3. March CPI Inflation data – Thursday

4. Initial Jobless Claims data – Thursday

5. March PPI Inflation data – Friday

6. Michigan Consumer Sentiment data – Friday…

— The Kobeissi Letter (@KobeissiLetter) April 6, 2025