On April 7, 2025, the cryptocurrency market experienced a significant downturn following the Trump administration’s announcement of new global tariffs, which heightened investor concerns about a potential global recession. Bitcoin dropped below $80,000, reaching approximately $79,000—a 5% decline over 24 hours—while Ethereum fell 11% to around $1,590. This sell-off led to over $745 million in bullish crypto positions being liquidated within a day.

April 7, 2025 05:14:00 UTC

Bitcoin Price USD Dips After Trump’s Tariff Stance Shakes Crypto Market

Bitcoin price USD dropped sharply in the last 24 hours as the crypto market reacted to US President Trump’s continued push for restrictive tariffs. Just weeks after a major rally driven by Trump’s new strategic reserve plan, the market reversed, wiping out over half a trillion dollars in value. This sharp decline triggered massive liquidations, with Bitcoin alone facing $250 million in long positions wiped out, according to CoinGlass data.

Feed: Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

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