Crypto Market Plunges as ‘Liberation Day’ Tariffs Trigger Global Sell-Off

The cryptocurrency market experienced a significant sell-off on April 6th, 2025, following the U.S. President Donald Trump’s declaration of ‘Liberation Day’. This was compounded by new tariffs that triggered a broader global market crash affecting both traditional stock markets and cryptocurrencies. 8.6% of the total cryptocurrency market cap tumbled to $2.44 trillion in just one day, with over $1.41 billion worth of positions being liquidated across the market. 19th April 2025 marks a stark resemblance to Black Monday of 1987.