On April 7, 2024, the cryptocurrency market experienced a "Black Monday," with Bitcoin leading the decline. Its 24-hour drop exceeded 9%, briefly falling below $75,000, marking a new low since November 2024. Other major cryptocurrencies also plummeted, with Ethereum, Cardano, and Dogecoin all dropping over 15%. According to Coinglass data, over 440,000 people globally faced liquidation, amounting to as much as $1.38 billion. This sharp decline was primarily influenced by the complex global economic situation and Trump's tariff policies, leading to panic selling by investors.