Cryptocurrency prices fell as the US Stock Futures Market opened less on April 6 as the Trump administration doubled the global tariff approach.
The Trump administration hit everyone Countries with 10% tariffs beginning April 5with some slapped at a higher rate, including China at 34%, the European Union at 20%, and Japan at 24%.
Bitcoin (Btc) Fall More than 6% in the last 24 hours and trading around $ 77,883. Meanwhile, Ether (Eth) shed more than 12% at the same frame time and traded at $ 1,575, According to In coingecko. The total cap of the crypto market Fall Over 8% to $ 2.5 trillion.
Prices have returned some losses ever since. Bitcoin recovered 1.4% to $ 78,500. Meanwhile, Ether earned $ 1,594.
Source: Capital Capital
At the same time, the Crypto Fear & Greed Index, which measures the market feelings for bitcoin and other cryptocurrencies, come back A score of 23 in the latest update of April 7, considered intense fear.
In a statement, Charlie Sherry, head of finance Australia’s crypto exchange BTC markets, said the collapse is not surprising because global markets are usually more flawless on Sunday.
“As a result, some large sales-off can have an incredible effect, fast pushing prices,” he said.
“There is no mystery behind the trigger: President Trump’s recent conversation has grown in MacRO markets, with a global trade relations that are suddenly unsure.”
Some merchants, however, Guess a Bitcoin breakout may be around the corner. Bitmex co-founder Arthur Hayes also has speculation that while tariffs are infiltrating marketThey can result in a Bitcoin rally.
The US Stock Futures Market also opened.
Futures tied to S&P 500 Fall Almost 4%, according to Google Finance. Meanwhile, Tech-Heavy Nasdaq lost, lost, and the Dow Jones Industrial Average Futures Surchable by more than 8%.
Resource Resource The Kobeissi letter Says In a post on April 6 in X that the collapse of US stock futures puts S&P 500 futures on the “Bear market territory,” added that the US stock market has now removed an average of $ 400 billion per day of trading for the last 32 days.
Source: Kobeissi letter
Tom Dunleavy, a manager of Venture Capital Firm MV Global, Says It can be “worst three days move for us stocks of all time” if “tonight futures hold.”
The Trump administration doubles on tariffs
Crypto-friendly billionaire investor Bill Ackman Maka -haka that US president may postpone Donald Trump Tariffs to allow countries to make counteroffers or deals.
In an April 6 statement on his platform on social media, the society reality, Trump collapsed in tariffs, saying The US has a huge financial deficiency in China, the European Union and many more, solved by levies.
Related: ‘National Emergency’ as Trump’s tariffs of crypto prices
“The only way to cure this problem is to include tariffs, which now carries ten -billion dollars to the USA. They are affected, and something good to see,” he said.
He too said Reporters aboard Air Force One that he accidentally tries to cause market sale but added that “sometimes you have to take medicine to fix something.”
At the same time, US National Economic Council Director Kevin Hassett Says In an interview on April 6 this week’s ABC program this week has reached the president to organize fresh trade deals.
“They do that because they understand that they have a lot of tariffs,” he said.
US Treasury Secretary Scott Bessent DUNIKOKOK US trading partners in an April 2 interview with Bloomberg against taking revenge measures, focusing “this is the high end of the number” for tariffs if they do not try to add more levies in response.
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