The Crypto Rollercoaster Amid Global Trade Tensions
As the world’s leading digital payment platform, AllePay is committed to keeping our community informed about the forces shaping the cryptocurrency landscape. On April 7, 2025, the crypto market finds itself at a critical juncture, rocked by macroeconomic turbulence sparked by U.S. President Donald Trump’s aggressive tariff policies. With Bitcoin plunging to a 2025 low of $74,000 before clawing back to $79,000, and altcoins like Ethereum and Solana shedding up to 14%, the past week has been a stark reminder of crypto’s sensitivity to global events—and its potential resilience.
Trump’s announcement of 25% tariffs on imports from Canada and Mexico, alongside a 10% levy on Chinese goods, has sent shockwaves through financial markets, erasing $7 trillion from global equities and dragging risk assets like cryptocurrencies into the fray. This policy, set to take effect later in April, threatens to disrupt supply chains, slow economic growth, and erode investor confidence—factors that have historically rattled crypto valuations. Yet, amid the chaos, glimmers of divergence emerged: Bitcoin’s Friday rally, as stocks bled, hinted at a possible shift in its role as a hedge against traditional markets.
Drawing from top-tier global media, this digest captures the multifaceted narrative unfolding across continents—from panic selling in Australia to cautious optimism in the U.S. Whether it’s the “extreme fear” gripping traders (Cointelegraph) or the argument that crypto’s decentralized nature could shield it from tariff shocks (Crypto.news), these stories reflect a market in flux. At AllePay, where we empower users to transact wisely and seamlessly with digital currencies, understanding these dynamics is key to navigating the future of finance. Below, we break down the latest reports to keep you ahead of the curve.
Global Crypto Markets Face Turbulence Amid Trade War Fears
Cryptocurrencies worldwide faced a volatile week as Trump’s tariff policies unsettled markets. Here’s a detailed summary of reports from leading global media, including region and publication date, for a clearer picture before exploring the full articles.
- Reuters (United States, April 6, 2025): Bitcoin hit a 2025 low of $74,000, pulling U.S.-listed crypto stocks like Coinbase and MicroStrategy down by up to 7%. The drop stemmed from fears that Trump’s tariffs—25% on Canada and Mexico, 10% on China—would stifle global growth and risk assets. Bitcoin later recovered to $79,000, though uncertainty lingered.
Link - Bloomberg (United States, April 6, 2025): Bitcoin dropped 5.5% in early Asian trading, reflecting a $7 trillion global stock rout tied to Trump’s tariff threats. Ethereum and Binance Coin followed suit. By 2:18 PM EDT, Bitcoin steadied near $79,000, but analysts warned of ongoing “whipsaw” volatility if trade tensions persist.
Link - CNBC (United States, April 6, 2025): Bitcoin fell to $74,000 mid-week but climbed 2% on Friday despite a global equity meltdown. This resilience hinted at a possible shift from its stock market correlation, though the crypto market cap still lost $300 billion. Tariffs were cited as a growth risk, yet some see Bitcoin as a fiat hedge.
Link - Cointelegraph (Global/United States, April 6, 2025): Trump’s tariff “medicine” crushed crypto alongside stocks, with Bitcoin and altcoins shedding 10-15%. The Crypto Fear & Greed Index hit “extreme fear” at 23, signaling panic. The piece noted potential supply chain hits to miners reliant on imported gear, worsening sentiment.
Link - Crypto.news (Global/United States, April 6, 2025): Edward Felten of Offchain Labs argued crypto’s decentralized, global framework could buffer it from tariff shocks, unlike traditional markets. Still, short-term volatility loomed, with Bitcoin’s 200-day moving average at risk—a bearish sign for traders.
Link - The New York Times (United States, April 6, 2025): Bitcoin’s 10% decline since Trump’s tariff reveal undercut its stability claims under his pro-crypto stance. Smaller coins like Dogecoin also tanked, hitting retail investors hard. The article questioned Trump’s earlier “Bitcoin superpower” vision amid the market’s retreat.
Link - News18 (India, April 6, 2025): India’s crypto market mirrored the global crash, with Bitcoin, Ethereum, and Solana falling 10-14% in a day. Tied to a $2 trillion equity sell-off and tariff fears, the slump saw trading volumes surge on local exchanges as India’s 20 million+ crypto users braced for uncertainty.
Link - Al Jazeera (Qatar/Middle East, April 6, 2025): The crypto rout reflected global economic unease, with Trump’s tariffs threatening trade from Asia to Europe. Bitcoin’s slide aligned with a rush to bonds and gold, while emerging markets faced risks of slower crypto adoption if economic fallout deepens.
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By AllePay Team