On April 7, 2025, Bitcoin plummeted by 10% amid a tariff war, impacting the entire crypto market with double-digit losses in leading altcoins like ETH and XRP. The global crypto market cap fell to $2.43 trillion, representing a 7.93% decrease in 24 hours. Berachain’s BERA was the biggest loser, while GRASS was the only notable gainer at 8%.

On April 7, 2025, the cryptocurrency market experienced significant turmoil, primarily due to the ongoing tariff war. Bitcoin witnessed a pronounced decline of 10%, sinking from a daily high of approximately $83,000 to a low of $74,760, marking one of its steepest one-day drops while breaching crucial support around $81,000. Its current value is near $77,130, reflecting a decrease of 6.89% with trading volumes spiking by 420% over the last 24 hours.

In tandem with Bitcoin’s decline, leading altcoins such as Ethereum (ETH), XRP, Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) suffered double-digit losses within the same timeframe. Ethereum was particularly hard-hit, plummeting 16.44% below $1,500, while Solana fell 15.5%, approaching the critical threshold of $100. XRP also dropped 14%, losing vital support at $1.95, and is currently trading at $1.77 according to market data.

On the list of top losers, Berachain’s BERA led the decline with a decrease of 24% alongside ZEC, MEW, and SAFE, each falling by 22%. In contrast, GRASS was the only notable gainer, witnessing an 8% increase. As reported by Coinmarketcap, the global cryptocurrency market cap now stands at $2.43 trillion, down 7.93% over the past 24 hours and reflecting the profound impact of current economic conditions on digital assets.

The cryptocurrency market faced a substantial downturn on April 7, 2025, as Bitcoin and major altcoins suffered significant losses, primarily influenced by various geopolitical factors. Bitcoin recorded a notable drop of 10%, while Ethereum and XRP followed suit with double-digit percentage declines. In a market overshadowed by losses, only a few assets demonstrated minor gains. Overall, the global crypto market cap reflects a considerable contraction amidst the prevailing economic challenges.

Original Source: www.cryptotimes.io

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