$ETH Trump swings the tax sword – Crypto “vanishes” hundreds of billions of USD! 🔥📉
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In the early hours of 07/04/2025, the Crypto market shook globally as BTC and Altcoin plummeted uncontrollably:
• BTC is now only $75,194 📉 – having dropped to as low as $74,561
• Nearly 10% wiped out in just a few hours
• ETH, SOL, DOGE, ADA… down 10-15% – the entire market is blood red
• Nearly $1.2 billion in Futures orders were liquidated, with Long positions losing over $1 billion! 🔥💣
• Total market capitalization lost over $250 billion in just 24 hours 🚨
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Who is to blame? 👉 Donald Trump!
U.S. President Donald Trump unexpectedly announced a 46% import tariff on many countries, including Vietnam – starting 09/04:
“No delays. Taxes must be imposed. America must win.” – Trump said, throwing cold water on the market
• Countries are still racing to negotiate, but no agreements have been reached
• Panic spreads – money is fleeing from Crypto and stocks