Why is the crypto market down today?

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The story "Why is the crypto market down today?" was covered 12 hours ago by Coin Telegraph, a news publisher based in United States.

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Coin Telegraph 12h ago

Why is the crypto market down today? - Coin Telegraph

Quick Summary:

This scale of liquidations not only exacerbates price drops but also instills fear among other market participants, leading to further selling pressure. Over $350 billion wiped off the crypto marketThe total market capitalization of all cryptocurrencies (TOTAL) dropped by over 13% from a high of $2.67 trillion on April 5 to an intra-day low of $2.31 trillion on April 7, as per data from Cointelegraph Markets Pro and TradingView.

Source: Coin360While the crypto market is known for its high volatility, several unique factors contributed to this latest dip, including US President Trump’s stiff adherence to his recently announced tariffs and sharp selling in the equities and crypto market, leading to historically large liquidations.

Source: CoinMarketCapFears of renewed inflation are intensifying, as the tariffs are expected to lead to an “economic nuclear war,” according to hedge funder Bill Ackman. The risk of higher-than-anticipated inflation is also leading market participants to boost their estimate of Federal Reserve interest rate cuts in the near future.