CoinDesk Podcast Network
COINDESK DAILY: Crypto Crash Amid Tariffs, Global Stock Selloff
Apr 7, 2025
Major cryptocurrencies like Bitcoin are experiencing significant downturns as global markets react to escalating trade tensions. U.S. tariffs have investors on edge, leading to widespread liquidations in the crypto space. Meanwhile, discussions around Tether potentially launching a US-specific stablecoin add another layer of intrigue to an already volatile market. The impact of international economic shifts and regulatory changes looms large over the crypto industry.
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Quick takeaways
- The crypto market has seen significant declines primarily due to macroeconomic uncertainties linked to U.S. tariffs and liquidation pressures.
- In response to the ongoing market instability, Tether is considering launching a U.S.-specific stablecoin to align with evolving regulatory standards.
Deep dives
Crypto Market Turmoil
The crypto markets have experienced significant sell-offs, with Bitcoin dropping below the $75,000 mark and other major tokens facing similar declines. In just 24 hours, nearly half a million long traders were liquidated, resulting in a total loss of around $1.4 billion. The decline is largely attributed to macroeconomic uncertainties, aggressive liquidations, and tariff measures introduced by U.S. President Donald Trump, leading many investors to look for safer assets. Analysts, including BTSC COO Jeff May, suggest that the ongoing negative sentiment is likely to persist as the U.S. markets open.
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