#MarketPullback

The crypto market has seen notable turbulence recently, with a pullback impacting major digital assets. In early April 2025, Bitcoin dropped below $75,000, and Ethereum also faced declines, reflecting a broader market dip influenced by global economic uncertainty and U.S. President Donald Trump’s tariff policies. However, by late April, Bitcoin rebounded, climbing above $90,000 for the first time since March, driven by investors viewing it as a hedge against a falling U.S. dollar and stock market volatility. On April 23, the total crypto market cap rose 6.7% to $2.94 trillion, fueled by a short squeeze with over $545 million in short liquidations. By May 2, Bitcoin surged past $97,000 as the U.S. initiated tariff talks with China, boosting market confidence. Despite this recovery, weak U.S. macro data continues to fuel recession fears, though some see hope in potential rate cuts.