On April 7, the value of Bitcoin fell by almost 10%, falling below the $75,000 mark for the first time since November 7, 2024. This is evidenced by the trading data, informs CoinMarketCap.
On the largest cryptocurrency exchange Binance, bitcoin lost 9.68% in price for the day, trading at $75,130.62. During trading, the minimum recorded price was 74,701.2 dollars — the first time since November last year, the indicator fell below 75,000 dollars.
According to CoinMarketCap, which calculates the asset’s average value based on more than 20 exchanges, the price of bitcoin fell 9.83% to an average of $75,003.03. These changes also reflect the dynamics of the last 24 hours.
The general fall has covered the entire crypto market. The GMCI 30 index, which tracks the dynamics of the 30 largest digital assets, lost more than 8% during the day, and since the beginning of 2025, its decline is already 33.9%.
Analysts attribute the wave of decline to increased geo-economic tensions and growing fears of a recession. The new trade tariffs announced by US President Donald Trump on April 2 had a particularly negative impact. In just the first two days after the announcement, the US stock market lost $5.4 trillion, with the S&P 500 index falling to an 11-month low and the Nasdaq 100 entering bear market territory.
At first, cryptocurrencies showed relative stability, but on the eve of a new trading week, the pressure intensified. Experts warn that if the economic confrontation between the US, China and the EU further escalates, the crypto market may face a new wave of mass sell-offs and increased volatility.
We will remind that on February 3, the global cryptocurrency market lost 240 billion dollars — this was the biggest collapse in the history of the crypto market. Among the possible reasons are the launch of the Chinese artificial intelligence chatbot DeepSeek, a decrease in investor activity after a long period of price growth, as well as Donald Trump’s decrees on the introduction of high tariffs on imports from a number of countries.
