On April 7, 2025, Bitcoin briefly fell below $75,000, down 30% from the high in November 2024; Ether dropped to $1,420, hitting a new low since October 2023. Other mainstream tokens (such as SOL, XRP, DOGE) generally fell more than 14%.

In the past 24 hours, a total of 446,200 people globally have been liquidated, with a total amount reaching $1.38 billion, of which Bitcoin liquidations amounted to $328 million and Ethereum liquidations reached $293 million.

Triggering factors: The "reciprocal tariff" policy signed by U.S. President Trump on April 2, which imposes a 45% tariff on Chinese goods, has led to a global sell-off of risk assets, causing a decline in the cryptocurrency market. In addition, concerns about the Federal Reserve's monetary policy and inflation pressures have intensified volatility.

Market sentiment is in extreme fear: the Fear and Greed Index has dropped to 23, shifting market sentiment from "fear" to "extreme fear."

The Shanghai Composite Index fell by 7.34%, the Hang Seng Index fell by 13.22%, the Nikkei 225 Index fell by 7.83%, and the Korea Composite Stock Price Index fell by 5.57%919. The EURO STOXX 50 Index opened down 6.2%, and the German DAX Index fell by 7.1%.

Summary: The global financial markets are generally facing turmoil, with significant declines in both the cryptocurrency market and the Web3 sector. The prices of Bitcoin and Ethereum have plummeted, exacerbating market panic. At the same time, the confrontation of tariff policies between the United States and China has further intensified market uncertainty. Nevertheless, innovative activities in the Web3 field continue to advance, demonstrating the industry's confidence in future development.
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