#加密市场回调 Based on market dynamics and historical data since April 2025, the recent correction in the crypto market has been driven by multiple factors; the following is a comprehensive analysis:
One, Core Reasons for the Correction
1. Impact of Trump's Tariff Policy
On April 2, the U.S. announced tariff increases on multiple countries (up to 49%), triggering concerns of a global trade war and prompting investors to sell off risk assets for safety. The total market capitalization of the crypto market evaporated by over 10% in a single day, with Bitcoin falling below the critical support level of $75,000 and Ethereum dropping to $1,458. This policy also raised U.S. inflation expectations, exacerbating the risk of 'stagflation' and further suppressing market sentiment.