Cryptocurrencies prices have dropped while the US market for long-term stocks was highly lower on April 6, while the Trump administration has doubled on its global tariff strategy.
The Trump administration hit all countries with a tariff of 10% from April 5, some were slapped at higher rates, including China at 34%, the European Union at 20% and Japan at 24%.
Bitcoin (BTC) fell by more than 6% in the last 24 hours and was negotiated about $ 77,883. Meanwhile, Ether (ETH) lost more than 12% in the same period of time and was negotiated at $ 1,575, according to Coingecko. The total market capitalization of cryptography has dropped 8% to 2.5 billions of dollars.
Prices have taken up certain losses since then. Bitcoin recovered from 1.4% to $ 78,500. Meanwhile, Ether found $ 1,594.
Source: Autism capital
At the same time, the Crypto Fear & Greed index, which measures the feeling of the market for Bitcoin and other cryptocurrencies, returned a score of 23 in its last update of April 7, which is considered extreme.
In a statement, Charlie Sherry, finance manager at Australian Crypto Exchange BTC Markets, said the decline was not surprising because the global markets are generally more illiquid on Sunday.
“As a result, some significant sales can have a disproportionate impact, making prices quickly lower,” he said.
“There is no mystery behind the trigger: President Trump’s recent tariff discourse has shaken the macro markets, with global trade relations that suddenly seem uncertain.”
Some traders, however, predict that an escape from Bitcoin could be at the corner of the street. The co-founder of Bitmex, Arthur Hayes, also hypothesized that, although the prices are clicking markets, they could cause a Bitcoin rally.
The US market for long -term stocks has also opened its doors.
The term contracts linked to the S&P 500 have dropped by almost 4%, according to Google Finance. Meanwhile, the Nasdaq, heavy with technology, has lost and term contracts on the Dow Jones Industrial have flowed by more than 8%.
Kobeissi’s letter resource, Kobeissi declared in a post of April 6 to X that the drop in term contracts on the US stock market is put to its S&P 500 term contracts in “Bear Market Territory”, adding that the US stock market has now erased an average of $ 400 billion per day of negotiation during the last 32 days.
Source: Kobeissi letter
Tom Dunleavy, managing partner of the venture capital company MV Global, said that it could be the “worst move for three days for American actions of all time” if “the assets of this evening hold”.
Trump Administration Doubles on prices
The billionaire crypto-friendly billionaire Bill Ackman speculates that US President Donald Trump could postpone prices to allow countries to conclude counter-offer or agreements.
In a declaration of April 6 on his social media platform, Truth Social, Trump has doubled the prices, saying that the United States has massive financial deficits with China, the European Union and many others, that the levies will resolve.
In relation: “ National emergency ” as Trump prices work the prices of cryptography
“The only way that this problem can be healed is that prices, which now bring tens of billions of dollars to the United States. They are already in force, and a good thing to see,” he said.
He also told journalists on the Air Force One that he was not intentionally trying to cause a market sale, but added that “sometimes you should take medication to repair something.”
At the same time, the director of the United States National Council, Kevin Hassett, said in an interview of April 6 with the ABC program this week that more than 50 countries had contacted the president to negotiate new trade agreements.
“They do it because they understand that they are supporting a lot of prices,” he said.
US Treasury Secretary Scott Bessent urged American trade partners in an interview on April 2 with Bloomberg against reprisal measures, arguing that “it is the top of the end” for prices if they do not try to add more samples in response.
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