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Bitcoin market analysis from April 7 to April 8, 2025
On the evening of April 7, the Bitcoin market experienced a "black Wednesday," with the price falling from $78,710 to below $75,000, a daily drop exceeding 7%, marking the largest daily decline in nearly two years. This sudden crash was caused by three main factors: first, new US customs policy triggered shocks in global financial markets; second, miners were forced to sell Bitcoin due to declining profits; third, market liquidity continues to shrink, and investors are exhibiting high caution.