#CryptoTariffDrop

The cryptocurrency market is experiencing significant volatility following the U.S. administration's announcement of new tariffs on April 3, 2025. Bitcoin (BTC) has fallen below $75,000, and Ethereum (ETH) is trading under $1,500. This downturn reflects broader market reactions to escalating trade tensions and economic uncertainties.

Binance

In India, the crypto industry is advocating for tax reforms to stimulate growth and innovation. Proposals include reducing the 1% Tax Deducted at Source (TDS) on crypto transactions and aligning the 30% tax on profits with other asset classes. These changes aim to create a more favorable environment for crypto investments and operations.

As of April 9, 2025, Bitcoin (BTC) is trading at $77,428, down 1.9% from the previous close, with an intraday high of $80,138 and a low of $74,772. Ethereum (ETH) is priced at $1,479.41, reflecting a 5.65% decline, with an intraday high of $1,586.90 and a low of $1,397.75.

The hashtag #CryptoTariffDrop encapsulates the community's response to these developments, highlighting the interconnectedness of geopolitical events and the cryptocurrency market.