On April 7, 2023, the cryptocurrency market experienced a significant drop. Bitcoin fell over 9% in 24 hours, briefly dropping below $75,000, while Ethereum, Cardano, and Dogecoin all decreased by over 15%. More than 440,000 people globally faced liquidation, with a total liquidation amount of $1.38 billion. This round of plummet is closely related to the complex global economic situation and market panic triggered by Trump's tariff policies.