Crypto Market Value Drops 30% as Trump Tariffs Spark Global Economic Turmoil
The total crypto market capitalization has dropped by 30% from its peak in December 2024, falling from $3.9 trillion to $2.7 trillion by April 2025. This significant decline comes amid global market uncertainty triggered by new tariffs announced by President Trump on April 2. The tariffs, which went into effect on April 5, include a 34% levy on China, 24% on Japan, and 20% on the European Union. The announcement has rattled investors across multiple asset classes, including cryptocurrencies, with many adopting a risk-off approach.
Bitcoin has fared relatively better compared to other digital assets, with its market dominance rising to nearly 60%. The cryptocurrency dropped to $74,500, but it has remained more resilient compared to…
