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Crypto Crisis: Major Drops Hit Bitcoin and Ethereum

Crypto Crisis: Major Drops Hit Bitcoin and Ethereum

Cryptocurrencies faced a major setback on April 7 due to the global tariff war initiated by US President Donald Trump. The largest cryptocurrency, Bitcoin, plummeted by 7.67% to $76,947.87, while Ethereum dropped 14.54% and XRP fell 17.02%. This decline reflects investors' growing caution towards high-risk assets like crypto amidst economic uncertainties. The overall cryptocurrency market lost over $160 billion in value, bringing its total capitalization down to $2.5 trillion. In India, the stock market mirrored these trends, with the Sensex and Nifty also witnessing significant drops, indicating a broader financial instability.

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