🥊 Conor McGregor KO! His memecoin flops
Welcome to the Daily Tribune of Tuesday, April 8, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today, it’s Tuesday, April 8, 2025, and like every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn’t miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Sunny ☀️
24h crypto recap! ⏱
Strategy loses $5.91 billion in 3 months in 2025
Strategy shows a latent loss of $5.91 billion. The average acquisition cost significantly exceeds the current price of BTC.
Bitcoin sets a power record, but the price drop raises concerns
The network reaches 1 Zettahash/s, but BTC falls below $77,000. Miners are facing declining profitability.
Resounding failure for Conor McGregor's REAL token
The REAL token fails to raise $3.6 million, only reaching $392,000. The project promises to bounce back despite market distrust.
DEXs thrive despite a major hack on Hyperliquid
Despite a loss of $6 million, Hyperliquid climbs in the rankings. DEXs continue to gain ground against CEXs.
Crypto of the day: Hedera (HBAR)
Hedera is a public distributed ledger platform that uses a directed acyclic graph (DAG) technology, known as Hashgraph, to offer fast, secure, and fair transactions. Unlike traditional blockchains, Hashgraph achieves consensus more efficiently, allowing for increased scalability and reduced transaction times. Hedera is designed to support various decentralized applications (dApps) and use cases, including smart contracts, file services, and consensus services.
The native token of Hedera, HBAR, serves several purposes within the network. It is used to pay for fees associated with transactions and services on the Hedera network. Furthermore, holders can stake it to help secure the network and, in return, receive rewards.
Recent performance:
Current price: $0.1572 USD
24-hour change: +22.56%
Market capitalization: approximately $6.69 billion
Rank on CoinMarketCap: #22
Bitcoin: Record losses for traders… but a rebound is starting
After a marked drop that led to massive liquidation of speculative positions, Bitcoin is slowly regaining color, around $80,000. A modest but significant recovery comes after a period of record capitulation among short-term traders, comparable to the post-FTX collapse. While the worst seems to have been avoided, the market remains fragile, caught between negative technical signals and long-term accumulation indicators.
A wave of historic losses triggered by Trump’s economic policy
The recent drop in Bitcoin finds its origin in a major political announcement: the implementation by Donald Trump of new protectionist measures, including 25% tariffs on automotive imports. This decision immediately triggered a wave of panic selling, causing over $1.3 billion in liquidations across the derivatives markets. Within hours, BTC's price collapsed to $75,000 before stabilizing.
Short-term traders have been the hardest hit. On-chain data shows that the majority of recent positions have fallen into negative territory, fueling a rapid capitulation dynamic similar to that seen after the FTX affair. The deteriorating technical setup has intensified selling pressure.
A technical rebound supported by strong hands
Despite this brutal shock, the market seems to have found a temporary support point. Bitcoin has risen above $80,000, supported by the growing activity of long-term investors and whales, who are gradually resuming their purchases. These signals suggest the beginning of stabilization, if not a genuine trend reversal.
Another supporting factor: the average cost of mining Bitcoin, which is between $60,000 and $65,000, continues to play a psychological and economic floor role for market participants. Current levels are attracting stronger buyers again and suggest a potential local bottom if macroeconomic conditions do not deteriorate further.
The shock caused by Donald Trump’s economic measures has violently shaken the cryptocurrency market and caused record losses among the most exposed traders. However, the technical rebound observed in recent hours shows that fundamental confidence remains intact for some key players. The market is now operating in a zone of uncertainty, between fragile stabilization and the threat of relapse. Upcoming economic announcements will be crucial in determining whether this recovery can settle in or if it remains just a technical uptick.
