Trump’s Tariffs Trigger Crypto Sell-Off: Bitcoin Falls to New Low

The cryptocurrency market experienced a major sell-off triggered by U.S. President Donald Trump’s new global tariffs policy. On April 7th, Bitcoin plummeted over 9% within 24 hours, dropping below the $75,000 mark while Ethereum saw steeper losses of nearly 15%. This drop comes as traditional markets also suffered, with the S&P 500 and Nasdaq both closing down nearly 6%, marking a significant loss in market value.