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🌙 Crypto Markets Plunge Amid Global Trade Tensions, $1.5B Liquidated

Bitcoin drops nearly 5% as Trump’s tariff threats rattle investors.

Author

Mike Gavela
April 07, 2025

Crypto Roundup - April 7

The ongoing global trade tensions, particularly the escalating U.S.-China tariff war, have caused significant volatility in financial markets, with a major impact on cryptocurrencies. Bitcoin saw a sharp decline, dropping below $75,000, while other cryptocurrencies like Ethereum and XRP also experienced considerable losses. The broader crypto market faced a wave of liquidations, totaling over $1.5 billion. Experts have noted that these drops are due to the risk-averse behavior of investors amidst concerns over global economic stability. On top of the market turmoil, prominent figures such as billionaire investor Bill Ackman have called for a temporary 90-day pause on U.S. tariffs to help stabilize the markets. Ackman argues that such a pause could provide much-needed relief to the financial markets, including the crypto sector, which has been significantly affected by the trade tensions.

Top Stories

  • Crypto markets face sharp decline amid escalating global trade tensions, resulting in $1.5 billion in liquidations.

  • Bitcoin drops below $75,000 as investors react to the tariff war, causing widespread market turmoil.

  • Bill Ackman urges 90-day pause on U.S. tariffs to stabilize the market and help the crypto sector recover.

TOP STORIES

Crypto Markets Plunge Amid Global Trade Tensions, $1.5B Liquidated - "The Defiant"

The cryptocurrency market plunged on Monday, with over $1.5 billion in liquidations, as President Donald Trump’s reciprocal trade tariffs spook investors worldwide.

thedefiant.io/news/markets/crypto-markets-plunge-amid-global-trade-tensions-usd1-5b-liquidated

Bitcoin Price Breaks Below $75,000 as Global Tariff War Roils Risk Assets - Decrypt

The Bitcoin price broke below $75,000 during Asia trading hours as global trade tensions pummeled the crypto market.

decrypt.co/313614/bitcoin-price-below-75000-global-tariff-war

Trump Ally Bill Ackman Calls for 90-Day Pause on US Tariffs as Crypto Sinks - Decrypt

Bitcoin has tumbled to $77,300, and Ethereum has dipped 14% as markets react to sweeping new tariffs announced by Donald Trump last week.

decrypt.co/313584/trump-ally-bill-ackman-90-day-pause-us-tariffs-crypto-sinks

FUNDRAISING

Cap Raises $11M to Fuel Stablecoin Engine as Industry Heats Up

A recent $8 million funding round will be used to develop Cap’s stablecoin engine, which is slated to launch later this year.

coindesk.com/tech/2025/04/06/cap-raises-usd11m-to-fuel-stablecoin-engine-as-industry-heats-up

OTHER HEADLINES

Your BTC can be swiped by spoofers without them even contacting you

By targeting laborers who dollar cost average into BTC with regular purchases, a new attack steals coins without contacting the victim.

protos.com/your-btc-can-be-swiped-by-spoofers-without-them-even-contacting-you

Why Web3 gaming won't see an uptick in VC activity 

In venture capital aimed at Web3 gaming, deal volume has slid 9.5% as investors shift towards other sectors.

blockworks.co/news/web3-gaming-venture-capital-decline-invest

Bitcoin mining stocks slip as investors weigh tariff exposure

With much of the bitcoin mining supply chain based in Asia, US-based operations face higher equipment prices.

blockworks.co/news/bitcoin-mining-tariff-imports-us-asia

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