Cryptocurrency markets experienced a significant sell-off triggered by U.S. President Donald Trump’s new global tariffs, causing Bitcoin to plummet and mirroring the volatility in traditional financial markets. On April 7th, Bitcoin fell to $75,000, a mark down of over 9.5% within 24 hours, with Ethereum experiencing even steeper losses, dropping nearly 15%. This decline coincides with broader market concerns and significant declines across equities like the S&P 500 and Nasdaq, which shed over 6% on April 4th. The trigger was Trump’s sweeping tariffs which included a blanket 10% duty on all imports and even higher rates for goods from China (34%) and the EU (20%). The trade war narrative is back, leading to heightened risk aversion across asset classes. Bitcoin’s vulnerability highlights the unique characteristics of cryptocurrencies as its performance depends heavily on market sentiment, macro conditions, and liquidity, all of which are currently under pressure.