Crypto Black Monday, April 7, 2025, saw the crypto market crashing, preceded by doubt in the global economy and fueled by President Trump's unexpected announcement of additional tariffs. Bitcoin fell below $80,000, news arriving with bottoms of as low as $75,000, while Ethereum crashed by even more precipitously, down by as much as 20% to as low as $1,449.
Other cryptocurrencies, including Solana, XRP, and Dogecoin, also saw dramatic losses, ranging from 12% to over 20%. The market's fall led to total liquidations of over $1.36 billion, where Bitcoin longs alone contributed over $392 million in losses, indicating unprecedented market tension as leveraged positions were closed involuntarily, sending the prices crashing.
The economic unpredictability introduced by Trump's tariffs put recession concerns to rest globally, triggering a risk-off mood that ran through both mainstream equity and cryptocurrency markets, similar to previous "Black Monday" market crashes. This suggests the vulnerability of the crypto market to overall economic issues and policy issues
