QuoteInspector.com
The agency observes that cryptocurrency markets are "showing no notable improvement in risk sentiment" following U.S. President Donald Trump's announcement of higher customs tariffs on imports from the nation on April 2.
Bitcoin's value decreased by roughly 5%, dropping under $80,000 per token for the first time since the end of February. Ethereum, the second-popular cryptocurrency, dropped by 9.62% to $1,617.6 and is nearing lows that haven't been observed since October 2023.
Since the start of 2025, Ethereum has decreased by over 50% in value. Solana, often referred to as the "Ethereum killer," experienced comparable declines - over 9% on the evening of April 7. Since the start of the year, Solana has decreased by 44% in value.
The price of Bitcoin hit an unprecedented peak in January: on January 20, the day Trump was inaugurated, Bitcoin was valued at a remarkable $109,241. In February, as a result of Trump's warnings about implementing additional tariffs, the cryptocurrency's value dropped by approximately 20% over the month, and on the night of February 28, it plummeted by 28%. Over the weekend of April 5-6, investors sold off cryptocurrencies totaling over $590 million.
source: reuters.com, bloomberg.com
Bitcoin's value decreased by roughly 5%, dropping under $80,000 per token for the first time since the end of February. Ethereum, the second-popular cryptocurrency, dropped by 9.62% to $1,617.6 and is nearing lows that haven't been observed since October 2023.
Since the start of 2025, Ethereum has decreased by over 50% in value. Solana, often referred to as the "Ethereum killer," experienced comparable declines - over 9% on the evening of April 7. Since the start of the year, Solana has decreased by 44% in value.
The price of Bitcoin hit an unprecedented peak in January: on January 20, the day Trump was inaugurated, Bitcoin was valued at a remarkable $109,241. In February, as a result of Trump's warnings about implementing additional tariffs, the cryptocurrency's value dropped by approximately 20% over the month, and on the night of February 28, it plummeted by 28%. Over the weekend of April 5-6, investors sold off cryptocurrencies totaling over $590 million.
source: reuters.com, bloomberg.com