The cryptocurrency market experienced a significant downturn on April 9th, 2025, with Bitcoin falling below $75,000 after a day of sharp losses. This decline was largely attributed to the escalation of U.S. tariffs on Chinese imports, triggering negative reactions in global stock markets, including the Nikkei 225 in Japan, Australia, South Korea, and others. Major indices like the S&P 500 and Nasdaq also suffered substantial drops. The sudden market downturn resulted in over $400 million in liquidations across various cryptocurrency exchanges. This bearish trend is driven by investors’ increasing anxiety regarding more volatile market conditions as U.S.-China trade tensions escalate.