Crypto Market Update: Bitcoin Dips Below $80K as Global Tensions and U.S. Policy Shifts Stir Volatility
As of April 7, 2025, the crypto market is experiencing renewed turbulence. Bitcoin has dropped below the $80,000 mark, currently trading around $79,000, as escalating U.S.-China trade tensions and fresh tariffs spark risk-off sentiment across global markets. Major altcoins like Ethereum and Solana have also seen sharp declines, with Ethereum hovering near $1,590 and Solana just above $107. On the regulatory front, President Trump’s new Executive Order 14178 has scrapped previous crypto-related orders and halted the development of a U.S. central bank digital currency (CBDC), while calling for a new federal framework for digital assets within 180 days. Meanwhile, stablecoins are gaining significant traction, with transaction volumes hitting $15.6 trillion in 2024, rivaling traditional financial networks. The STABLE Act has advanced in Congress, aiming to bring stablecoins under stricter oversight. Despite short-term market jitters, optimism remains high, with Binance’s CEO predicting new all-time highs in 2025, driven by clearer regulatory paths and increasing mainstream adoption.
