Bitcoin Crash, Crypto in Free Fall

Bitcoin Crash, Crypto in Free Fall

Apr 7, 2025 4:43 PM IST
Category America
Bitcoin Crash in wake of Trump tariffs

The cryptocurrency community celebrated Donald Trump's election with rapacious enthusiasm and optimism. Understandably so as he claimed he would make the United States the “crypto capital of the world” After surging to an all time high after his re-election of 106,000 USD this week it's down to 78,000 USD a more than 26% fall. Trump’s “Liberation Day” Tariffs and his initiation of a global trade war have caused. The latest Bitcoin crash saw the industry stalwart drop a staggering 10% on Sunday night. Bitcoin, once seen as a resilient investment in times of economic uncertainty akin to gold, has shattered that perception as its losses surpass those of the stock market."

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Chapter one

The First Crypto President  

The man one dubbed “The first crypto President” due to his strong support of crypto through both his words and policies has turned out to be the coup for crypto he once touted as. The first blow for Bitcoin and the crypto market came after The U.S. government created a strategic cryptocurrency reserve in March 2025. There was initially an immediate surge in crypto prices, with Bitcoin jumping over 10% to $94,000 and other coins like Ethereum and Solana up big. However, the actual plan quickly dampened the initial excitement as investors focused on uncertainty, government influence, market manipulation, and regulatory implications.

Simultaneously some investors were disappointed over the lack of aggressive government purchasing plans further shifted market sentiment. Within days, Bitcoin dropped by approximately 6.5%, falling to around $80,650, and the market as a whole experienced a sharp downturn.

The market had never fully recovered from this see modest gains in the time since. The tariffs sent shockwaves through the global economy have caused yet another crypto crash. Whether the market has bottomed out or more losses are in store is difficult to predict as the “first crypto presidents economic and foreign policy seem erratic. As countries respond with their own counter tariffs Bitcoin and other digital currencies could yet fall further. We will see if this is just the latest Bitcoin crash.

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Chapter two

Sources

The New York Times - Bitcoin Is Down 10% Since Trump’s Global Tariff Announcement


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Inspirepreneur Team
Written by Inspirepreneur Team

At Inspirepreneurs Magazine, covering entrepreneurship, business failures, and the human stories behind the world's most ambitious founders. She writes at the intersection of strategy and storytelling.