{"id":5177,"date":"2025-04-08T13:04:23","date_gmt":"2025-04-08T13:04:23","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/5177\/"},"modified":"2025-04-08T13:04:23","modified_gmt":"2025-04-08T13:04:23","slug":"why-is-the-crypto-market-crashing","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/5177\/","title":{"rendered":"Why is the crypto market crashing?"},"content":{"rendered":"<ul class=\"\">\n<li value=\"1\" class=\"\"><b><strong>The crypto market continued to decline on Monday, with BTC falling below $78,000 after Trump\u2019s tariff announcement last week.<\/strong><\/b><\/li>\n<li value=\"2\" class=\"\"><b><strong>The Asian markets also traded in the red, with Japan\u2019s stock market extending losses to 8.5%, its lowest level since October 2023.<\/strong><\/b><\/li>\n<li value=\"3\" class=\"\"><b><strong>The Coinglass liquidation heatmap shows over $1.01 billion in liquidation in the last 24 hours.<\/strong><\/b><\/li>\n<\/ul>\n<p>The crypto markets continue to decline on Monday, with Bitcoin (BTC) falling below $78,000. The Asian markets also traded in the red, with Japan\u2019s stock market extending losses to 8.5%, its lowest level since October 2023. The Coinglass liquidation heatmap chart shows over $1 billion in liquidation in the last 24 hours. This massive loss in market value reflects a broader sell-off triggered by the US-China trade war and post-US President Donald Trump\u2019s tariff announcement last week, naturally dragging down crypto and Asian markets.<\/p>\n<p><b><strong>Crypto and Asian markets slide into the red amid escalating trade war<\/strong><\/b><\/p>\n<p>The crypto markets continued to trade in the red on Monday, with Bitcoin falling below $78,000 during the early Asian trading session. According to CoinGecko data shown in the graph, the top 10 cryptocurrencies are also red.\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/Screenshot 2025-04-07 093939-1744006292695.png\" alt=\"Top 10 cryptocurrencies chart. Source: CoinGecko\" width=\"1368\" height=\"745\"\/><\/p>\n<p>Top 10 cryptocurrencies chart. Source: CoinGecko<\/p>\n<p>According to the Kobeissi report on Monday, the Asian market followed this downward trend. Japan\u2019s stock market has extended losses to 8.5%, its lowest level since October 2023.\u00a0<\/p>\n<p>The report further explains that Global <a href=\"https:\/\/www.fxstreet.com\/markets\/equities\" class=\"\" target=\"_blank\" rel=\"noopener\">stocks<\/a> have erased over $20 trillion since February 19, mostly fueled by tariff uncertainty and the trade war.<\/p>\n<blockquote class=\"twitter-tweet\" data-cards=\"hidden\">\n<p lang=\"en\">BREAKING: Japan\u2019s stock market extends losses to -8.5% today to its lowest level since October 2023.<\/p>\n<p>Global stocks have erased well over $20 trillion since February 19th. <a href=\"https:\/\/t.co\/dkBzySxD7P\">pic.twitter.com\/dkBzySxD7P<\/a><\/p>\n<p>\u2014 The Kobeissi Letter (@KobeissiLetter) <a href=\"https:\/\/twitter.com\/KobeissiLetter\/status\/1909038023494295605?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 7, 2025<\/a><\/p><\/blockquote>\n<p><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/bitcoin-weekly-forecast-tariff-liberation-day-sparks-liquidation-in-crypto-market-202504041146\" class=\"\" target=\"_blank\" rel=\"noopener\">US President Donald Trump announced tariffs last week on April 1<\/a>, including a 10% tariff on all imports and additional punitive taxes on about 60 countries. This announcement has sparked a global trade war, with China retaliating by imposing a 34% levy on US goods. Japan, heavily reliant on exports (especially to the US and China), is caught in the crossfire.<\/p>\n<p>This massive loss in market value reflects a broader sell-off triggered by the US-China trade war, which began after US President Donald Trump\u2019s tariff announcement last week. The trade war is naturally dragging down Asian markets.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/Screenshot 2025-04-07 101630-1744006337789.png\" alt=\"\" width=\"1247\" height=\"593\"\/><\/p>\n<p>The effects of the global trade war could also be seen in the crypto markets as they triggered a wave of liquidation. According to the Coinglass Liquidation Map <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\" class=\"\" target=\"_blank\" rel=\"noopener\">chart<\/a>, in the last 24 hours, 24,146 traders were liquidated, and the total liquidations came in at $1.01 billion. The largest single liquidation order happened on Bitfinex\u2014tBTCF0:USTF0, valued at $16.38 million.\u00a0<\/p>\n<p>Bitcoin saw over $340 million in liquidation, while Ethereum saw $294.91 million. Huge liquidations like this could spark Fear, Uncertainty and Doubt (FUD) among investors and cause a rise in selling pressure, leading to further price declines.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/Screenshot 2025-04-07 103257-1744006381368.png\" alt=\"Liquidation Heatmap chart. Source: Coinglass\" width=\"1155\" height=\"855\"\/><\/p>\n<p>Liquidation Heatmap chart. Source: Coinglass<\/p>\n<p>                <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"The crypto market continued to decline on Monday, with BTC falling below $78,000 after Trump\u2019s tariff announcement last&hellip;\n","protected":false},"author":2,"featured_media":5178,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[521,2257,51,2895,2122,1024,16,15],"class_list":{"0":"post-5177","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-asia","9":"tag-bitcoin","10":"tag-business","11":"tag-cryptocurrencies","12":"tag-japan","13":"tag-tradewar","14":"tag-uk","15":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114302488563618621","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/5177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=5177"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/5177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/5178"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=5177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=5177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=5177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}