Wednesday, April 9, 2025

Crypto Chaos: How Bitcoin Dropped $8K and Rebounded in Hours After Trump’s Tariff Shock

April 9, 2025, might go down as one of the wildest days in crypto history.

It started with a gut-wrenching drop—BTC fell to $74.5K after Trump announced a massive 125% tariff on Chinese goods. That move sent shockwaves through both traditional and crypto markets alike.

But by midday, crypto flipped the script. Bitcoin spiked back up to $83K, Ethereum climbed over $1,580, and trading volume exploded by 400%.

What’s wild? Underdog tokens like HYPE, JASMY, and IP held their ground and posted gains—pure resilience.

The day also saw: • The passing of the long-awaited STABLE Act 🔏 • U.S. Treasury blacklisting 8 wallets tied to $1B in illicit funds 🕵️‍♀️ • ETFs showing split behavior—bulls vs bears vibes

Meanwhile, the Crypto Fear & Greed Index tanked to 15 (extreme fear) before rebounding as panic turned to opportunity.

Upcoming events to watch: 🔹 CPI and PPI data drops 🔹 Potential retaliation by China 🔹 Neutron blockchain’s Mercury upgrade

Moral of the story? In crypto, every headline can spark a bull run—or a freefall. Buckle up. We’re just getting started.

BTC #ETH #Altcoins #CryptoNews #TrumpTariffs #CryptoRegulation #Neutron #MarketVolatility #NotFinancialAdvice


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