CoinEx Daily: Crypto Market Plummets Amid Tariff-Induced Uncertainty

Daily View

As of April 7, 2025, the cryptocurrency market, including Bitcoin, is experiencing a downward trend. This decline appears to be driven by economic uncertainty stemming from President Trump's tariff policies, which have heightened global trade tensions. The evidence leans toward Trump's tariffs playing a significant role in the current market pressure. Despite an earlier boost from the announcement of a strategic crypto reserve in March, the market's focus has shifted to the potential economic impact of these tariffs, adding to the volatility.