Trump’s latest tariffs have rattled global markets, with one analyst suggesting the president is following his Art of the Deal playbook.
As meme coins wane and large holders sell, Shiba Inu’s price continues to slide, despite expansions in its network. Meanwhile, Cardano sees significant sales, with 120 million ADA sold in just two days. Amid these market shifts, one platform is making strides by equipping creators with the tools they need, rather than just promises. BlockDAG’s recent beta testnet release introduces a no-code token and NFT creation tool. This tool, akin to a Shopify for crypto, enables users to design and launch Web3 projects effortlessly. The outcome? An increase in token and NFT launches, enhancing reasons to engage with BDAG. For those eyeing the crypto market, BlockDAG (BDAG) offers tangible utility and compelling reasons to pay attention. BlockDAG’s No-Code Tool Makes Web3 Accessible to All BlockDAG’s recent initiative goes beyond enhancing blockchain speed or security – it democratizes access. With the new no-code tool for creating tokens and NFTs now available on the beta testnet, anyone can engage in Web3 development without any coding expertise. This user-friendly approach transforms the platform into a hub for creators who might feel overwhelmed by the technical demands of networks like Ethereum or Solana. This ease of use is significant. Every new token or NFT made with BlockDAG’s tool runs on BDAG, creating more transactions and increasing demand for the coin – a virtuous cycle of utility. As the testnet progresses and the mainnet launch nears, BlockDAG stands out as a crypto worth watching, with its value clearly linked to its usage. The beta testnet, launched on March 28, also features improved blockchain explorers, faucet access, and a dashboard tailored for creators. Additionally, it offers a $60,000 reward pool, with $2,000 in BDAG allocated to the top 10 most active users. Already, over 110,000 participants are testing the network, helping refine its performance ahead of the mainnet launch. BlockDAG’s ongoing presale is in its 27th batch, with BDAG priced at $0.0248. To date, over 18.8 billion coins have been sold, raising more than $212 million. BlockDAG is rapidly gaining traction among both users and developers, making it a noteworthy crypto to consider. Shiba Inu Struggles Amid Network Growth Despite an active network, Shiba Inu’s price continues to fall. Currently, it is trading at $0.00001226, marking an 8.28% decrease this week and a 55% drop year-over-year. The Shibarium network has surpassed 1 billion transactions, yet 62% of SHIB holders are experiencing losses. The token burn rate has also decreased, with 37.6 million SHIB burned in the last day—a 60% reduction from the day before. Shibarium’s transition to real-world applications has not boosted SHIB’s value. Trading volumes have decreased by 40% in the last 24 hours, and with the majority of SHIB controlled by large holders, price fluctuations continue to be erratic. Without sustained demand or effective token burns, the downward trend in Shiba Inu’s price may persist, potentially leading to further losses for holders. Cardano Faces Volatility from Whale Transactions Cardano has experienced significant trading activity, with 120 million ADA sold over two days. This has reduced the total ADA held in large wallets from 5.84 billion to 5.71 billion. Cardano’s price briefly fell to $0.61, then recovered to $0.66, but it still shows a nearly 6% decline over the week. The proportion of ADA held by whales has decreased to 8.48%, with retail holders now owning 71.17% of the supply. This trend highlights a shift away from short-term traders, who have decreased by 16.36%. Despite market pressures, institutional interest remains strong, with Cardano-focused exchange-traded products (ETPs) receiving $0.6 million in new inflows last week, bringing the 2025 total to $70 million. Although whale activity has affected short-term prices, long-term institutional engagement appears robust. Overview of Market Dynamics The ongoing price declines of Shiba Inu and the active selling by Cardano whales are creating challenges for both communities. This situation is characterized by decreased trading, insufficient token burns, and ongoing sell-offs. As participants await market recovery, there is a growing interest in platforms that offer greater utility and simpler user interfaces. In this environment, BlockDAG introduces a significant tool: a no-code wizard for creating tokens and NFTs, making Web3 accessible to non-developers. Every operation on the platform engages BDAG, linking usage directly to the coin’s demand. For those exploring crypto options, BlockDAG provides practical tools that are already in use. With its crypto presale now exceeding $212 million, the platform continues to gain momentum. Presale : https://purchase.blockdag.network Website : https://blockdag.network Telegram : https://t.me/blockDAGnetworkOfficial Discord : https://discord.gg/Q7BxghMVyu
An analyst at a prominent global investment firm says that economic retribution from China and the European Union (EU) against new US tariffs could end up supporting digital assets. In a new thread on the social media platform X, Matthew Sigel – the head of digital assets research at VanEck – says that President Donald Trump’s latest round of tariffs will accelerate the adoption of Bitcoin ( BTC ) as a tool for the settlement of energy trade. “China and Russia were recently revealed to be settling some energy transactions using Bitcoin and other digital assets – just as we anticipated. Bolivia also announced plans in March to import energy using crypto. And in Europe, French utility EDF (?Électricité de France) will explore using surplus electricity – currently exported to Germany – to mine Bitcoin. These developments highlight how digital assets are evolving from speculative instruments into tools for energy trade and monetary realignment. In that context, the latest tariffs aren’t just an economic story – they may be an accelerant for Bitcoin’s role in the emerging multi-polar order.” Sigel goes on to say that traders should keep an eye on the policies of the US Federal Reserve, China and the EU to better gauge the crypto markets. He also notes the relevance of the strength of the US dollar and BTC exchange-traded fund (ETF) inflows. According to Sigel, if China and the EU were to retaliate to Trump’s tariffs and move away from the US dollar, it could boost use cases for digital assets. “Investors should watch the evolving path of Fed policy: dovish shifts in rate expectations and rising liquidity are historically positive for Bitcoin. The U.S. Dollar Index (DXY) is another key gauge – any signs of dollar weakness may support the Bitcoin-as-hedge narrative. Bitcoin ETF flows and on-chain activity also matter: despite volatility, U.S.-listed spot Bitcoin ETFs are still net positive by ~$600 million year-to-date, with renewed inflows seen in late March. And finally, any retaliatory steps from China or the EU – especially ones that bypass dollar-based systems – could accelerate the strategic case for crypto.” Last week, Trump signed an executive order that imposes sweeping or reciprocal tariffs on a long list of nations, with the stated goal of protecting domestic manufacturing. The announcement rocked global markets, causing a sharp dip in digital asset and stock prices. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Eky Rima Nurya Ganda The post VanEck Analyst Says Retaliatory Steps From China and EU Could Boost Narrative for Crypto – Here’s Why appeared first on The Daily Hodl .
In a recent interview reported by COINOTAG News on April 7th, former US President Donald Trump addressed concerns over the recent plunge in US stock futures and the broader crypto
The manufacturer of Jaguar and Land Rover cars has stated that it will pause exports to the United States after the Trump administration imposed 25% tariffs on all car imports. The British carmaker said on Saturday that the pause is a short-term action as it works to address the new trading terms with its business partners. The automotive company added that the pause on shipments will become effective this month. “The USA is an important market for JLR’s luxury brands. As we work to address the new trading terms with our business partners, we are taking some short-term actions including a shipment pause in April, as we develop our mid- to longer-term plans.” ~ Jaguar Land Rover Automotive. Jaguar Land Rover (JLR) said that the US is an important market for its luxury cars and brands. According to fact sheets from the UK Department for Business and Trade, cars are the top exported goods from the UK to the US. Car exports in the four quarters to the end of Q3 2024 totaled a staggering £8.3 billion. Other carmakers might pause US exports too Analysts predict that other carmakers will follow the steps of JLR and pause US exports. The imposed tariffs have added more pressure on the automotive industry in Britain. The demand for British-made cars has decreased domestically and in Europe, while sales in China have been on the decline. Furthermore, British carmakers are lagging in the electric vehicles race as factories are required to overhaul existing machinery. University of Birmingham Professor David Bailey told The Guardian that “much of UK auto is already operating well below capacity, and the tariffs will be a further hit for a struggling industry.” He said that “production cuts and job losses are likely,” and he believes that the number of jobs at risk due to the US’s tariffs is underestimated. Bailey thinks that JLR will continue to struggle unless it creates a US-based automotive factory. According to Reuters, German car makers Audi, Mercedes, and BMW are considering expanding their operations in the United States. Tariffs are pressuring international carmakers to move operations to the US, bringing Trump’s vision to reality. British carmakers have taken measures to reduce the impact of US tariffs by increasing exports and building stockpiles in the States months prior to their implementation. According to data from the Society of Motor Manufacturers and Traders (SMMT), car exports to the US in December, January, and February surged by 38.5%, 12.4%, and 34.6%, respectively. On April 3rd, the United Stated implemented a 25% tariff on imported vehicles. This tariff is applicable to vehicles from all countries including those covered under the United States-Mexico-Canada Agreement (USMCA). On May 3, 2025, the US will impose another 25% tariff on all imported automobile spare parts. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
With the crypto market in full swing in 2025, seasoned XRP holders are looking beyond traditional blue-chip assets—and increasingly locking in fresh $1K positions in MAGACOINFINANCE. The reason? Early-stage momentum, record-breaking pre-sale performance, and returns that XRP hasn’t seen in years. Bitcoin (BTC), ADA, and XRP Provide Security—But MAGACOINFINANCE Unlocks Multipliers Bitcoin (BTC) remains the bedrock of crypto investment. Cardano (ADA) trades near $0.71, building slowly on tech. XRP, holding at $0.75, still carries strong name value. But among these players, MAGACOINFINANCE is currently delivering the most excitement among those hunting real upside. PRE-SALE SELLING OUT – CLICK HERE TO SECURE A SPOT NOW MAGACOINFINANCE – $5.3 MILLION RAISED, STILL EARLY IN THE RUN Unprecedented Growth Potential MAGACOINFINANCE has surged past $5.3 million raised, establishing itself as the most-watched under-$1 coin of the year. With only 100 billion tokens, capped supply is tightening as early whales take position. Get 50% BONUS with MAGA50X – ROI Hits 3,782% for Early Buyers At the current price of $0.0002704, MAGACOINFINANCE offers a 2,488% ROI, or 25.88x when it lists at $0.007. With MAGA50X, your cost drops to just $0.0001803, lifting your potential ROI to 3,782%, or 37.82x. That means a $1,000 position could transform into $378,200 before listing hype even takes effect. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH MAGA50X ADA, TON, LINK, and XLM: Consistent Projects, But MAGACOINFINANCE Steals Focus Cardano (ADA) continues evolving its smart contract stack.Toncoin (TON) builds on Telegram’s platform, trading at $5.49.Chainlink (LINK) remains vital at $13.84, securing oracles for smart contracts.Stellar (XLM) sits at $0.123, ideal for fast borderless transfers. CLICK HERE TO JOIN THE NE-XT BILLION DOLLAR PROJECT Conclusion As the cryptocurrency market continues to evolve, both established and emerging digital assets present unique opportunities. While Bitcoin (BTC), Ripple (XRP), and Solana (SOL) pursue growth strategies, MAGACOINFINANCE distinguishes itself with its innovative approach and attractive pre-sale incentives. Investors are encouraged to conduct thorough research, stay informed about market trends, and consider diversifying their portfolios to navigate this dynamic landscape effectively. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: 3 Crypto Picks With High Growth Odds: XRP, BTC, and Ethereum
Crypto investigator and on-chain sleuth ZachXBT has ripped Coinbase over repeated account locks and an undisclosed data breach. In a scathing critique that has renewed allegations about one of the world’s biggest cryptocurrency exchanges, ZachXBT says Coinbase’s culture is defined by a “lack of transparency.” On social media, ZachXBT expressed frustration : “You have locked me out of my account twice in the last month with no reason given (again today). You had customer data leaks you haven’t transparently announced (lead to thefts).” While he acknowledged that the platform offers a decent annual percentage return on stablecoins, he ultimately stated that he could not recommend Coinbase as an exchange to others. ZachXBT ignites fresh backlash over Coinbase’s troubled history with user trust and security ZachXBT comments have sparked controversy about Coinbase’s customer data handling, practices, and support. While the company largely promotes itself as the “future of money” and a paragon of regulatory compliance in the crypto space, incidents of this nature do little to enhance its reputation — especially among more experienced users. Coinbase portrays itself as a secure, transparent, and regulated entry point to crypto —a message that is easy to sell to institutional investors and new entrants. Its initial public offering in 2021 was a watershed moment for the crypto industry. But the company’s history tells a more complex tale for long-time users and crypto veterans. That same year, Coinbase was criticized after thousands of users reported being locked out of their accounts, some for months, without any resolution. The New York Times explained how so many of these customers could not connect with support when they were most vulnerable, with catastrophic loss as the prices swung violently. A similar bug in Coinbase’s SMS account recovery process later that same year allowed hackers to bypass two-factor authentication to drain user wallets. Coinbase ultimately reimbursed some victims, but critics pointed out that the company was slow to communicate and did not take the breach seriously enough. Coinbase faces increasing regulatory pressure while users express growing discontent Coinbase is not new to controversy. In 2023, the U.S. Securities and Exchange Commission (SEC) sued the company for operating an unregistered securities exchange. Whereas Coinbase is battling the suit, positioning itself as a pioneer of regulatory compliance, users like ZachXBT wonder whether the company has also displayed the same diligence in protecting and communicating with its customers. Coinbase has pushed back legally — demanding the creation of new regulatory frameworks for the industry — but the lawsuit has increased pressure on the company to demonstrate its commitment to compliance, not only with regulators but with users. ZachXBT’s remarks also reflect a widespread mistrust of the status quo in the crypto world, many of whom gravitate toward decentralized platforms in search of greater control, transparency, and reliability. Condemnation like ZachXBT’s carries particular weight in the crypto world. Famed for carefully tracking a range of fraudulent schemes and aiding users in retrieving lost funds, he is a widely regarded guardian of crypto ethics — one whose critiques spur wider action or awareness. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Bitcoin (BTC) remained relatively stable over the weekend, oscillating between $81,000 and $85,000. Despite the turmoil in the traditional markets, the flagship cryptocurrency has held firm above $80,000, with the stability highlighting its potential as a safe haven asset. BTC is currently down almost 1%, trading at $82,836 and holding above $80,000 despite ETF outflows, growing trade tensions, and concerns about delayed rate cuts by the Federal Reserve. Bitcoin (BTC) Holds Firm Despite Heightened Volatility Bitcoin (BTC) remained above $80,000 on Friday and Saturday despite broader market turmoil and selling pressure. However, demand has waned as fears of a full-blown trade war escalate, along with risks of a recession and a delayed rate cut decision by the Federal Reserve. Markets also witnessed BTC decoupling from the US equity markets and outperforming gold, signaling a significant shift in market dynamics. Market intelligence platform Santiment stated, “Social media has been buzzing with mentions of crypto’s ‘decoupling’ from stock markets, according to data from X, Reddit, Telegram, 4Chan, Farcaster, and BitcoinTalk. Following the S&P 500‘s -10.5% combined losses on Thursday and Friday alone, traders are optimistic that Bitcoin and other cryptocurrencies are fairly insulated from the US & China tariffs that have rocked global economies.” It also said that crypto becoming less reliant on the stock market is a promising sign. “If the crypto markets are indeed becoming less and less reliant on stock markets, this would be an encouraging sign. Historically, most of the cryptocurrency’s biggest bull cycles have come when there is zero (neither a negative nor positive) correlation between the two sectors.” Spot Bitcoin ETFs Register Outflows Despite Bitcoin’s relative stability, spot Bitcoin ETFs registered considerable outflows, signaling investor caution and indicating that the rally may lack strong investor backing. Federal Reserve Chair Jerome Powell also threw another curveball for the markets, suggesting a potential delay to Fed rate cuts. According to data from Farside Investors, the WisdomTree Bitcoin Fund (BTCW) registered net outflows of $44.6 million, while the iShares Bitcoin Trust (IBIT) registered net outflows of $35.5 million. Bitwise Bitcoin ETF (BITB) registered net outflows of $24.1 million, and ARK21Shares Bitcoin ETF (ARKB) saw net outflows of $22.2 million. However, Grayscale Bitcoin Mini Trust, Fidelity Wise Origin Bitcoin Fund (FBTC), and Franklin Bitcoin ETF (EZBC) registered net inflows. As a result, the US spot Bitcoin ETF market registered net total outflows of $165 million, ending a two-week inflow streak. Fed Issues Stagflation Warning Bitcoin and altcoins could come under renewed pressure after Federal Reserve Chair Jerome Powell warned President Donald Trump’s tariffs could lead to higher inflation and slow growth. Powell said on Friday, “Our obligation is to keep longer-term inflation expectations well anchored and to make certain that a one-time increase in the price level does not become an ongoing inflation problem.” High inflation and high unemployment can lead to stagflation, which could become difficult to manage. This is because measures taken to fix one issue, like cutting interest rates to boost growth, could worsen the other issue and vice versa. Powell also said he was in no hurry to cut interest rates as inflation remained high, a stance supported by other officials like Raphael Bostic and Adriana Kugler. However, President Donald Trump urged Powell to cut interest rates. According to market experts, a more hawkish Fed could negatively impact Bitcoin, altcoin, and stock prices. Bitcoin (BTC) Price Analysis Bitcoin (BTC) is holding above $80,000 as the weekend draws to a close. BTC’s relative stability comes despite the market turmoil and highlights its potential as a safe haven asset. The tech-heavy Nasdaq, known to be positively correlated to Bitcoin, dropped over 11% since President Trump’s announcement of sweeping reciprocal tariffs on 180 nations, escalating global trade tensions and drawing retaliatory levies from China. David Hernandez, crypto investment specialist at 21Shares, stated, “The S&P 500 is down roughly 5% this week as investors brace for trade-driven earnings headwinds. Meanwhile, Bitcoin has shown impressive resilience. After briefly dipping below $82,000, it rebounded quickly, reinforcing its status as a macro hedge in times of macroeconomic stress. Its relative strength could continue to attract institutional inflows if broad market volatility persists.” However, analysts have not ruled out sharp downside volatility in the short term, especially as the “Treasury market basis trade” faces risks due to heightened turbulence in bond prices. BTC traded in bearish territory over the previous weekend, dropping over 3% on Friday, slipping below the 200-day SMA and $85,000 and settling at $84,422. Price action remained bearish over the weekend as BTC fell below the 20-day SMA on Saturday and settled at $82,704. The price registered a marginal decline on Sunday, settling at $82,404. BTC faced volatility on Monday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as the price registered a marginal increase. Bullish sentiment intensified on Tuesday as BTC rose over 3%, surging past the 20-day SMA and $85,000 to settle at $85,152. The flagship cryptocurrency surged to an intraday high of $88,624 on Wednesday as bullish sentiment intensified. However, BTC lost momentum after reaching this level and dropped over 3%, slipping below $85,000 and the 20-day SMA and settling at $82,525. Source: TradingView BTC recovered on Thursday despite significant selling pressure, rising almost 1% and settling at $83,199. The price continued its upward trajectory on Friday, registering an increase of 0.76% and settling at $83,828. However, it lost momentum over the weekend and registered a marginal decline on Saturday, dropping to $83,423. The current session sees BTC down almost 1% as sellers look to drive it below $80,000. However, BTC has not ceded ground to the bears and has held firm above this level. If buyers regain control, BTC could move past $85,000 and push toward $90,000. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Larry Fink, the billionaire CEO of BlackRock, is now locked in with Donald Trump, sitting inside the president’s tight inner circle after years of tension with the Republican party. On March 17, Larry met with Trump at the White House after delivering a massive win for the administration—BlackRock’s new deal to buy ports on both ends of the Panama Canal from a Hong Kong company. According to a report from the Wall Street Journal, Trump brought in Elon Musk , Vice President JD Vance, and National Security Adviser Michael Waltz for the closed-door discussion that ran over an hour. The topics included the U.S. economy, financial markets, and the port deal that has already triggered backlash from Beijing. The canal deal is about power. China says the transaction would restrict trade and turn the Panama Canal into a U.S. political weapon. Trump sees it as a move to weaken Chinese control over global infrastructure. He’s told people he now wants Larry at Mar-a-Lago this month, hosting him alongside top investors. The White House put out a statement through Press Secretary Karoline Leavitt, saying, “The President always appreciates efforts from American companies to advance our nation’s national security interests.” President Donald Trump and BlackRock CEO Laurence “Larry” Fink at the White House. Credits: Getty Images Larry got here by playing every side, every time Larry didn’t start in Trump’s corner. He backed Barack Obama in 2012. He donated to Hillary Clinton in 2016. In 2020, he went to a fundraiser for Joe Biden, and his top lieutenants joined Biden’s White House. But that never stopped him from also throwing money at Republicans. During Trump’s first term, Larry advised the administration while BlackRock handled some of Trump’s personal investments. The relationship goes back to the early 2000s. “Larry has a rare combination of commercial, political and public-policy savvy,” said Hank Paulson, who was Treasury Secretary under George W. Bush. Still, that didn’t protect him when the GOP came for him. Around 2017, Larry started pushing ESG investing—environmental, social, and corporate governance. It was the same time the MeToo and Black Lives Matter movements were entering boardrooms. Larry told CEOs in a 2020 letter that “climate risk is investment risk” and warned BlackRock might vote against companies that didn’t improve their climate disclosures. That pissed off Republicans. Lawsuits followed. Red states dragged BlackRock into court, accusing the firm of putting politics above profits. Congress opened investigations. The firm tripled spending on Larry’s personal security. By 2022, it was obvious the firm’s GOP connections weren’t strong enough. Larry toned down his public ESG talk. Privately, he met with Republican lawmakers and softened his stance. Patrick McHenry, a Republican who used to chair the House Financial Services Committee, said, “I look at Larry having an adeptness to pivot when he needs to. I think it’s benefited the company, and certainly benefited his standing among policymakers that are running Washington right now.” That pivot helped, but the real shift came when BlackRock started making giant moves in private markets. In 2023, the firm paid $12.5 billion for Global Infrastructure Partners, a company that controls airports, railroads, and data centers. Then it dropped $12 billion on HPS Investment Partners, a private-credit firm. These were BlackRock’s biggest deals in 15 years. They gave Larry the power to do exactly what Trump wanted: take control of the Panama Canal ports from CK Hutchison, a Chinese-linked company. “The ports deal is something they wouldn’t have been able to do prior to the acquisition,” said Steven Mnuchin, Trump’s former Treasury Secretary. Even though Trump just gave him a front-row seat, not everyone in the GOP is ready to forgive. Will Hild, executive director of the anti-BlackRock group Consumers’ Research, isn’t backing down. The group is backed by Leonard Leo, co-chair of the Federalist Society, and it’s gunning for BlackRock over ESG. “We are by no means at all done with BlackRock,” Hild said. Despite the critics, Larry keeps pulling strings. During the March 17 meeting, he and Musk talked about a deal between xAI and BlackRock’s new AI fund. That puts Larry right where he wants to be—next to Trump, at the intersection of money, tech, and national security. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
The markets are getting smashed across the board this week after Bitcoin, Ether, XRP, the S&P 500, and the Dow Jones all dropped hard in the same breath. The crash followed a violent sell-off in U.S. equities tied directly to President Donald Trump’s new global tariffs, which kicked in just days ago. Investors are now watching a pileup of pain unfold in both crypto and traditional markets at the same time, as volatility takes over and financial systems crack under pressure. Bitcoin fell below the $78,000 mark on Sunday night, losing nearly 5% of its value in 24 hours and landing at $77,673, according to data from CoinGecko. The OG crypto had held above $80,000 almost all year—besides a few quick dips—but the new drop slams it 39% below its January all-time high. Liquidations wreck crypto after overnight collapse The fall in Bitcoin wasn’t isolated. Ethereum has dropped below $1,600 and Solana has plunged by 12% overnight, while XRP dropped by 8.6%, triggering panic across exchanges. The crash wiped out leveraged long positions and kicked off forced sell-offs. In just 24 hours, Bitcoin alone saw over $181 million in long liquidations, with CoinGlass data showing that Ether also got hit with $188 million in forced closures. Traders who were betting on upward moves got wiped when prices turned the other direction fast. While crypto burned, the pressure on U.S. stock futures increased too. On Sunday evening, futures for the Dow Jones Industrial Average dropped 1,531 points, a 4% decline, ahead of what looks like another brutal Monday session. S&P 500 futures were also down 4%, and the Nasdaq-100 mirrored the drop with its own 4% loss. All of this follows two days of absolute chaos on Wall Street as the White House confirmed the tariffs would stay in place, no matter the fallout. Stock heat map. Source: TradingView The collapse at the end of last week wasn’t a blip—it was historic. The Dow Jones saw back-to-back losses of over 1,500 points for the first time in U.S. history, including a 2,231-point plunge on Friday. The S&P 500 had its worst day since the COVID meltdown in March 2020, falling 6% in a single day. It lost 10% over two days, which dragged it more than 17% below its February peak and close to full bear market territory. By contrast, the Nasdaq Composite did enter a bear market on Friday, dropping 22% from its high after losing nearly 6% on both Thursday and Friday. Investors hoping for good news over the weekend got none. There were no signs of a pullback or delay on the tariff rules, which are scheduled to take full effect by April 9. Instead, the administration doubled down on the aggressive trade policy. Commerce Secretary Howard Lutnick confirmed that position in an interview with CBS News on Sunday, saying, “The tariffs are coming… They are definitely going to stay in place for days and weeks.” He offered no flexibility and made no promise of relief, even after the historic collapse in financial markets. Treasury Secretary Scott Bessent appeared on NBC News, where he revealed that more than 50 countries had already approached the U.S. government to discuss the new trade measures. But Bessent wasn’t optimistic. He warned, “They’ve been bad actors for a long time, and it’s not the kind of thing you can negotiate away in days or weeks.” In other words, negotiations are happening, but nothing’s changing anytime soon. Right now, the markets are reacting exactly how you’d expect—like a building collapsing in slow motion. Every trader who was holding high hopes for a quick rebound just got hit with the reality that Washington isn’t backing down. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More