Crypto had a rough day on April 7th Bitcoin fell more than 30% from its recent highs, dropping to around $74,000—the lowest it’s been since November. Ethereum and other altcoins also took a hit, with ETH slipping below $1,500.
This crash didn’t happen in a vacuum. It lined up with a broader market drop. Major U.S. stock indexes like the Dow, Nasdaq, and S&P 500 all fell more than 5% the same day. A big reason? President Trump’s decision to keep his “Liberation Day” tariffs in place. The move is meant to fight America’s trade deficit but rattled investors.
Even with all that going on, some analysts think this could be a short-term dip. If the U.S. starts cutting interest rates or eases trade tensions, that could turn things around. There’s precedent for this—during the early days of the pandemic in 2020, the Fed cut rates and pumped money into the economy. Bitcoin and other cryptos hit all-time highs not long after.
So while things look shaky right now, there’s still a chance the market could bounce back—especially if economic policy shifts in the right direction.
