The cryptocurrency market experienced a significant downturn on Monday, April 7, largely attributed to ongoing tariff disputes between the US and other countries. This geopolitical tension has shaken investor confidence, triggering a widespread sell-off.
Bitcoin, the leading cryptocurrency, suffered a notable price drop exceeding eight percent across global exchanges. This decline pushed Bitcoin’s international price down to $76,790, its lowest level this year. Indian exchanges mirrored this trend, with Bitcoin’s value decreasing by nearly seven percent, settling around $80,895. The market downturn reflects the sensitivity of the crypto sector to global economic uncertainties and highlights the impact of international trade conflicts on digital assets. The overall sentiment remains cautious as investors assess the potential long-term implications of the tariff wars.
