Following the intensified tariff policies of the United States government, the cryptocurrency and stock market in America faced a severe crash on April 6, 2025. President Donald Trump announced that starting from April 5, a minimum 10% tariff will be imposed on imports from all countries; the rates are set at 34% for China, 20% for the European Union, and 24% for Japan. As a result, the price of Bitcoin (BTC) dropped by 7.5% to $77,307 in the past 24 hours. Ethereum (ETH) also plummeted by 14.3% to $1,552. The total cryptocurrency market value dropped over 8% to $2.45 trillion. The crypto market fear and greed index, reflecting investors’ sentiments towards Bitcoin and other cryptocurrencies, reached 23 on April 7, indicating ‘extreme fear’ in the market.
