The cryptocurrency market has been experiencing significant turmoil in recent days. The price of bitcoin has fallen below the $75,000 mark, reaching levels not seen since November 2024. This drop has been accompanied by a decline in the value of other digital assets as well, with Ethereum falling to $1,460 and XRP dropping to $1.70.
The main reason for the collapse is called the introduction of new trade duties by US President Donald Trump. On April 2, 2025, he announced tariffs on imports from more than 180 countries, sparking fears of a global trade war. citeturn0search0 These measures led to panic in financial markets and a drop in the prices of risky assets, including cryptocurrencies.
Analysts say that uncertainty in the global economy is causing investors to move away from risky investments. According to Coinglass, more than $1 billion worth of long positions have been liquidated in the past 24 hours, adding to the market's decline.
Despite the current volatility, some experts express cautious optimism, believing that the cryptocurrency market may recover after a period of correction. However, in the short term, it is recommended to exercise caution and closely monitor developments in the global markets.
