Oh, what a glorious day it was when the U.S. President, Donald Trump, declared April 6th as “Liberation Day.” Liberated from what, you ask? Why, from your hard-earned money, of course! 🌍💸 The stock markets in China, Japan, Germany, the UK, and the U.S. decided to take a synchronized nosedive, as if they were auditioning for a tragic ballet. Tariffs? Oh, they’re just the cherry on top of this financial disaster sundae.
Crypto Market: The Copycat Catastrophe
Not to be outdone, the cryptocurrency market decided to join the party. The global crypto market cap plummeted by 8.49% to a measly $2.44 trillion. Bitcoin, Ethereum, Solana, and XRP all took a tumble, with Ethereum and XRP each losing over 14%. Trading volume, however, decided to go in the opposite direction, skyrocketing by 186%. Because why not? 🎢
Curious about what’s next for Bitcoin? Check out our Bitcoin (BTC) Price Prediction 2025, 2026-2030. Spoiler alert: it’s not looking pretty. 😬
Liquidations Galore and Fear at an All-Time High
According to CoinGlass, crypto liquidations in the past 24 hours crossed a whopping $1.02 billion. That’s a 795.54% spike, in case you were wondering. The Fear & Greed Index has plummeted to 17, indicating that the market is in a state of extreme fear. In this crypto bloodbath, only KAVA managed to stay afloat with minor gains. Meanwhile, BERA, LTC, and LDO were the day’s biggest losers. 🏴☠️
Subscribe to us for timely updates as the Black Monday crash continues to wreak havoc on the crypto market. Because who doesn’t love a good train wreck? 🚂💥
FAQs
What caused today’s crypto bloodbath?
Today’s sell-off was triggered by Donald Trump’s “Liberation Day,” which escalated global geopolitical tensions and tariff wars. This panic rippled across both traditional and crypto markets.
How much was liquidated in the past 24 hours?
More than $1.02 billion in leveraged crypto positions were liquidated, reflecting a massive 795% surge in 24 hours.
Why is the Fear & Greed Index so low today?
The index fell to 17 due to overwhelming fear driven by global market instability, high volatility, and aggressive selloffs in both equities and crypto.
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2025-04-07 09:42