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- 🌙 Bitcoin Plunges 6% as Trump’s Tariffs Spark $500M of Liquidations
🌙 Bitcoin Plunges 6% as Trump’s Tariffs Spark $500M of Liquidations
Altcoins have been battered, with ETH, SOL and XRP down between 6% and 12%.
Mike Gavela
April 03, 2025
Crypto Roundup - April 3
Bitcoin experienced a 6% drop, triggering over $500 million in liquidations as U.S. tariffs, enacted by former President Trump, spooked global markets. Meanwhile, Ethereum's blob fees have plunged 73%, reaching their lowest levels since the start of 2025, as the network faces decreased demand for its services. Uniswap's DAO is also making strides in decentralized governance, advancing a significant $111 million initiative to increase participation in decision-making processes.
Top Stories
Bitcoin drops 6% amid tariffs: Over $500 million in liquidations follow Trump's tariff policy.
Ethereum blob fees decline 73%: The fees hit their lowest since January 2025, reflecting lower network demand.
Uniswap DAO moves forward: A $111 million initiative to boost governance participation is underway.
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CRYPTO TWITTER (X)
Trump’s tariff formula is further evidence he is laser focused on reversing these imbalances. The problem for treasuries is that without $ exports foreigners can’t buy bonds. The Fed and banking system must step up to ensure a well functioning treasury mrkt, which means Brrrr.
— Arthur Hayes (@CryptoHayes)
7:36 AM • Apr 3, 2025
While nearly everyone is bracing for a bear market or a recession to strike, I will not be joining in.
People were not prepared for a slower Bitcoin cycle, much like 2015 - 2017 but so far that's exactly what we've got.
There has been no true bull run parabola this cycle, just
— CryptoCon (@CryptoCon_)
6:16 PM • Apr 3, 2025
The timeline is filled with posts guessing why markets are dropping today.
I was expecting it to happen.
Here’s one explanation staring us in the face:
Assets are simply following GLOBAL LIQUIDITY, as they have been doing for a while now.
— Colin Talks Crypto 🪙 (@ColinTCrypto)
2:16 PM • Apr 3, 2025
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