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Yes, the cryptocurrency market is experiencing a significant downturn today, April 7, 2025. Bitcoin has fallen below $75,000, reaching its lowest level since the post-election rally following President Donald Trump’s victory last year. Other major cryptocurrencies are also seeing substantial declines
This market downturn is largely attributed to escalating global trade tensions. President Trump’s recent announcement of new tariffs has led to widespread investor concern, affecting both traditional and cryptocurrency markets. Additionally, billionaire investor Bill Ackman has warned of a potential “economic nuclear winter,” further fueling market uncertainty. ​
As a result, crypto-related stocks are also experiencing declines. For instance, shares of MicroStrategy have fallen over 7%, Coinbase has dropped 6%, and Robinhood has slid 4%.
In summary, the current bearish trend in the crypto market is influenced by broader economic factors, particularly the recent developments in global trade policies.