Price Analysis View Non-AMP

Crypto News Today (09th April, 2025): Market Crashes Amid 104% Tariff on China?

Published by
Shrishesh Tanksalkar

The crypto market today is hammered into a steep correction, losing close to 4% in total market value and bringing the total market cap down to $2.43 trillion. This drop follows the announcement of a 104% tariff amendment on China by the United States, a policy shock that sent another round of shock waves across global financial markets, including crypto.

Talking about traditional finance markets, the S&P 500 suffered its worst one-day loss since the 2008 financial crisis. Amidst this turmoil, the Crypto Fear & Greed Index nosedived to 15, signaling “Extreme Fear” among investors. Daily business volumes also reflected the panic, dropping by nearly 35% to $124.44 billion.

Bitcoin Price Slips to $77k!

Bitcoin has witnessed another setback on its daily chart, this time around it fell to its 24-hour low of $74,589. However, at the time of writing, it is changing hands at $77,140.77. Despite the fall, crypto proponents like Carl Moon and Chiefy believe this to be the final drop before the bull run resumes. 

Worried about your BTC holdings? Read our Bitcoin (BTC) Price Prediction 2025, 2026-2030 NOW!

Altcoins Wear BTC’s Shoes?

Ethereum took the hardest hit among the top coins, falling over 6%, while XRP and Solana followed closely behind, with losses at 3.15% and 3.06%. Still, some lower-cap tokens stood out. HYPE, IP, and JASMY managed to register gains of over 3%, a rare sight on a red day. On the flip side, AB token plummeted by over 23%, leading the list of top losers alongside NEAR and EOS, which fell 10.04%, and 8.21%.

Curious about XRP’s future? Check out our Ripple (XRP) Price Prediction 2025, 2026-2030 NOW!

FAQs

1. Why did the crypto market crash today?

The market crash was triggered by the U.S. amending a 104% tariff on China, leading to a global selloff across both traditional and crypto markets.

2. Which cryptocurrencies gained despite the crash?

HYPE, IP, and JASMY posted gains of over 3% in the past 24 hours, bucking the overall bearish trend.

3. What does a Fear & Greed Index of 15 indicate?

A score of 15 reflects “Extreme Fear,” signaling heightened investor caution and potential for market volatility ahead.

Shrishesh Tanksalkar

Shrishesh is a versatile writer with 2+ years of experience in cryptocurrencies. An engineer turned storyteller, this selective introvert is a wannabe biker on weekends.

Recent Posts

Top Two Low-Cap Altcoins To Buy in 2025

As crypto eyes another bull run heading into 2025, investors are on the hunt for…

July 27, 2025

XRP Price Prediction For July 27

XRP is taking a breather after a volatile few weeks. Despite a sharp rally followed…

July 27, 2025

Bitcoin, Ethereum, XRP Price Prediction for Next Week (28th July – 2nd Aug 2025)

The crypto market continues to gain traction, adding 0.76% to reach a $3.89 trillion market…

July 27, 2025

Crypto News Today: Bitcoin Eyes $132K After Holding Above $118K

Bitcoin is holding steady above $118,000 despite the recent ups and downs in the market.…

July 27, 2025

Can XRP Price Hit Four Digits in 2025?

Could XRP really reach $1,000? While this may sound far-fetched to many, Jake Claver, director…

July 27, 2025

XRP, Sui, and Pudgy Penguins Set to Hit New All-Time Highs Next Week: Top Altcoins to Watch

The crypto market is starting to go more mainstream, especially after the new GENIUS Act…

July 27, 2025