News

Donald Trump Tariff! Bitcoin Drops Below $75,000

Posted by Gistsnaija. on 9 April, 2025 | under News
0

Donald Trump Tariff! Bitcoin Drops Below $75,000

Bitcoin has experienced a significant decline, dropping as much as 12% within the past day and falling below the $75,000 threshold.

As reported by crypto.news, the cryptocurrency’s price dipped to as low as $74,604 in the last 24 hours. This downturn comes in the wake of falling Asian and European markets following President Donald Trump’s recent tariff announcements.

ADVERTISEMENT

• play
• pause
• stop
• mute
• unmute
• max volume

Update Required To play the media you will need to either update your browser to a recent version or update your Flash plugin.

HallelujahRichard J ft. Pitso x Mr Izz – HallelujahFREE DOWNLOAD

0:00

Currently, Bitcoin has managed to recover slightly, standing at $73,793. However, it has yet to surpass the $75,000 mark. The largest cryptocurrency by market capitalization has seen its value plummet approximately 30% below its all-time high of $108,786, reached just three months ago. Additionally, Bitcoin’s market cap has also suffered, declining nearly 8% and losing close to $67 billion, with its current market capitalization now at $1.48 trillion.

The sharp decline in Bitcoin’s value coincides with noticeable drops in major stocks across Asian, European, and American markets, largely attributed to the effects of Trump’s tariffs. Asian markets, in particular, are facing their worst two-day stretch for Wall Street stocks in five years.

On April 7, Japan’s main index, the Nikkei 225, closed 7.8% lower than the previous day, while the broader Topix exchange fell by 7.7%. China’s Shanghai Composite Index also reported a decline of more than 7.3%.