BlockBeats · 2025-04-09 12:32
The crypto market experienced significant losses today amid growing panic triggered by the enforcement of former U.S. President Trump's "reciprocal tariffs" policy.
Key Market Movements
- Ethereum (ETH): Plummeted 9.57% in 24 hours, briefly dipping below $1,400—its lowest level since March 2023.
- Bitcoin (BTC): Dropped 5.47%, falling below $75,000 at its lowest point.
Sector-Wide Declines
Cryptocurrency sectors saw broad declines ranging from 3% to 10%:
- CeFi: Down 2.59%, though LEO Token (LEO) gained 0.87%.
- Layer1: Fell 4.32%, with Solana (SOL) and Cardano (ADA) dropping 7.02% and 7.32%, respectively.
- PayFi and Meme sectors declined 6.67% and 7.31%.
Crypto Indices Reflect Downturn
Historical sector indices also slumped:
- ssiAI: -7.64%
- ssiMeme: -7.37%
- ssiDeFi: -7.30%
FAQ: Understanding the Market Crash
Q: What caused today’s crypto market downturn?
A: The drop was primarily driven by panic over Trump’s newly enforced tariff policy, which heightened economic uncertainty.
Q: How low did ETH and BTC fall?
A: ETH briefly dropped below $1,400**, while BTC touched **$74,900 before minor recoveries.
Q: Which sectors were hit hardest?
A: Meme coins and DeFi projects saw the steepest declines, reflecting heightened risk aversion.
Q: Is this a buying opportunity?
A: While prices are low, investors should assess macroeconomic risks before entering positions.
Navigating Volatility
👉 Learn how to hedge against crypto market swings
For traders, this downturn underscores the importance of:
- Diversification across stable assets.
- Stop-loss strategies to mitigate sudden drops.
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