Global Market Crash Triggers Significant Drops in Major Cryptocurrencies and Meme Coin TDS
On April 7, 2025, major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and XRP experienced significant declines due to a broad market sell-off triggered by U.S. President Donald Trump’s new trade tariffs. These tariffs, which affected over 180 countries, led to global stock market crashes, with drops ranging from 10% to 50%. The cryptocurrency market mirrored this volatility, causing Bitcoin to fall below $75,000 for the first time in over a year and Ethereum to drop below $1,500. The Solana-based meme coin Trump Derangement Syndrome (TDS) also suffered a sharp decline of more than 20%, nearing its all-time low. The sell-off resulted in $1.38 billion in crypto liquidations, mostly from long positions, as investors moved away from risk assets. The current trading volume and market cap of TDS are modest, indicating limited investor confidence amid escalating economic tensions. This downturn reflects broader market stress rather than individual altcoin failures, with a focus on risk management and long-term fundamentals being crucial during this uncertain period.
Bearish
The introduction of new tariffs by President Trump has sparked widespread market uncertainty, leading to significant declines across both global stock and cryptocurrency markets. Specifically, major cryptocurrencies like Bitcoin and Ethereum have seen substantial price drops, reflecting a bearish market sentiment. The meme coin TDS is also impacted heavily, indicating risk aversion among investors. Market participants often react negatively to trade tensions, fearing prolonged economic disturbances. In the short-term, this environment is expected to keep prices under pressure as traders reassess risks and sentiment remains cautious. Over the long term, unless tariffs are lifted or market conditions stabilize, the bearish outlook is likely to persist, especially as investors prioritize secure and stable assets.