In the grand tradition of things going pear-shaped at the most inopportune moments, the crypto market has taken a rather unsporting dive today, all thanks to the U.S. President’s latest brainstorm: slapping tariffs on more countries than you can shake a stick at. Bitcoin, the head honcho of the digital currency world, has taken a bit of a tumble, slipping to a mere $82k. ETH, XRP, and SOL have all been caught in the slipstream, each taking a rather undignified header into the abyss.
Trump’s “Liberation Day” – which sounds like the sort of thing one might celebrate with a nice cup of tea and a biscuit, but alas, involves tariffs – has sent the market into a tizzy. Traders, bless their little hearts, have been scurrying around like headless chickens, rejigging their portfolios in a desperate bid to outsmart the fates. The stock market, in a display of sheer perversity, closed with gains that would make a miser blush, while crypto took a header off the high dive.
As I pen this missive, Bitcoin is limping along at $83,185, with a trading volume of $53.48 billion. A 2.05% decline in the past 24 hours has seen it nosedive from a daily high of $88,500 to a low of $82,220. It’s enough to make one reach for the smelling salts.
The altcoin market, never one to miss a chance to join a downwards trend, has followed suit with ETH, SOL, and the like all taking a rather unpleasant bath. ETH, which was already on the skids, has slid more than 4% today, tumbling below the $1,800 mark. SOL, not to be outdone, has lost 8% and is now trading near $115. One can only hope it has a rubber bottom.
Other notable altcoins, including XRP, ADA, TRX, and DOGE, have all taken a rather comprehensive beating, each shedding a percentage of their value that would make a grown man weep. In this bearish market, not a single crypto asset in the top 100 has managed to gain any ground, with some even losing over 10%. It’s enough to make one consider taking up stamp collecting.
Today’s Crypto Soap Opera Stars
Today’s Winners Who Dodged the Bullet
Today’s Losers Who Got a Bit of a Walloping
- FARTCOIN (Fartcoin): -25%
- SPX (SPX6900): -17%
- GRASS (Grass): -16%
- HYPE (Hyoerliquid): -15%
- EIGEN (EigenLayer): -13%
According to Coinmarketcap, the global crypto market cap is now at $2.65 trillion, down 2.65% today. The trading volume has increased 69% in the past 24 hours to $131.75 billion. It’s enough to make one wonder if it’s time to invest in a nice, safe piggy bank.
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2025-04-03 14:46