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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
04/07/2025

Global Markets in Shock: Tariffs, No Rate Cuts, and a Crypto Bloodbath

In the early hours of April 7, global financial markets descended into chaos. Former U.S. President Donald Trump's "Liberation Day" policy — which unleashed a wave of new tariffs — triggered a violent selloff across both equities and crypto. Wall Street Plunges, Gold Surges U.S. stocks opened deep in the red: Nasdaq 100 futures fell as much as 6.2%, the VIX fear index spiked 34%, and Japan's Nikkei 225 hit its circuit breaker. Spot gold surged back above $3,040/oz as investors rushed to safety.

Global Markets in Shock: Tariffs, No Rate Cuts, and a Crypto Bloodbath

In the early hours of April 7, global financial markets descended into chaos. Former U.S. President Donald Trump's "Liberation Day" policy — which unleashed a wave of new tariffs — triggered a violent selloff across both equities and crypto.

Wall Street Plunges, Gold Surges

U.S. stocks opened deep in the red: Nasdaq 100 futures fell as much as 6.2%, the VIX fear index spiked 34%, and Japan's Nikkei 225 hit its circuit breaker. Spot gold surged back above $3,040/oz as investors rushed to safety.

Crypto Bleeds Out: Nearly $900 Million Liquidated

Bitcoin shed nearly $5,000, dropping from $82,000 to $77,000. ETH slid from $1,800 down to just above $1,500. Total liquidations reached $891 million, with over 280,000 accounts blown out. Notably, 7,959 ETH (worth ~$80 million) belonging to one whale was liquidated as prices collapsed too fast to respond.

Still, some traders were willing to catch the falling knife: one whale scooped up over 5,000 ETH at around $1,578. The "7 Siblings" address continued accumulating, adding another 25,000 ETH worth $42.6 million USDC.

The Fed Holds Its Breath

Despite markets pricing in as many as 5 rate cuts in 2025, Fed Chair Powell remained cautious. The probability of a May cut currently sits at just 33.3%. Goldman Sachs slashed its U.S. Q4 2025 GDP growth forecast to just 0.5% and raised its recession probability to 45%.

"Survive First, Then Thrive"

Amid the storm, veteran trader Eugene Ng wrote: "This chaos could be the start of a life-changing opportunity. But right now, survival is the priority."

Summary: The trade war, uncertain rate-cut expectations, and recession fears are battering both traditional markets and crypto simultaneously. In times of chaos, the weak get washed out — but the strong position themselves for the next cycle.