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The crypto market today on April 7, 2025, as of 10.30 am is in red, with leading coins registering sharp falls. Bitcoin is down by 8% while ETH, XRP, SOL, and DOGE have reported double-digit losses, dropping approximately 14-15%. Trump tariffs, which came into effect on April 5, as well as the upcoming reciprocall tariffs on trading partners scheduled for April 9 have been the main drivers behind the steep losses in crypto price today. A broader sell-off due to growing global trade tensions and regulatory worries has erased billions from the overall market capitalization, which now stands at $2.44T with an 8.59% decline. Thus, forcing investors into risk-off mode.
Let’s explore in detail the movements of top 10 cryptos today to understand what to expect from the crypto market today.
Bitcoin (BTC) currently trades at $76,734.55 after dropping 8.02% in the previous 24 hours. This dip has reduced its market cap to $1.52 trillion, with its 24-hour volume at $47.18 billion. The circulating supply is 19.84 million BTC. Bitcoin recently reached the $83,000 level but could not sustain the gains, which set off a selling spree. If it drops to $75,000, losses will continue.
Ethereum (ETH) plummeted by a steep 14.39% taking its price to $1,548.11. The market capitalization is currently at $186.82 billion with a daily trading volume of $28.04 billion. Ethereum has a circulating supply of 120.67 million ETH. Experts say the network's performance issues and investor fears over upcoming changes have caused this fall.
Tether (USDT) is still the only large coin with little action, stuck at $0.9992 with a slight 0.03 % fall. Its market cap stands at $144.16 billion, and its 24-hour trading volume at a whopping $92.92 billion. Circulating supply is at 144.26 billion USDT, providing some steadiness during the correction in the market.
XRP dropped hard by 15.55 % and is currently valued at $1.80. Its market cap has fallen to $104.96 billion with a 24-hour volume of $7.05 billion. The circulating supply stands at 58.27 billion. Heavy losses are seen amidst continuing regulatory ambiguity and poor sentiment across altcoins.
Binance Coin (BNB) is at $548.28 following a 7.16 % drop in the past 24 hours. The market capitalization of the token is $78.11 billion, with a volume of $1.89 billion. It has a circulating supply of 142.47 million BNB. The correction comes amid wider fears over centralized exchanges and increased regulation.
Solana (SOL) has fallen 14.48 %, with the current price standing at $102.36. Its market capitalization is $52.76 billion, and its 24-hour trading volume stood at $4.69 billion. Its circulating supply stands at 515.47 million SOL, and fears over Solana's technical stability have been behind the decline.
TRON (TRX) has dropped by 4.06 % to $0.2265. Its market capitalization is $21.51 billion and daily volume stands at $609 million. With a circulating supply of 94.97 billion TRX, it remains more stable than many other altcoins but is still affected by the overall trend.
Dogecoin (DOGE) has declined by a whopping 15.47 % to $0.1414. The market cap of the token has fallen to $21.03 billion with a 24-hour volume of $1.67 billion. Its circulating supply stands at 148.74 billion DOGE. The meme status of the coin makes it extremely sensitive to market changes.
Cardano (ADA) is currently trading at $0.5537 after shedding 14.31 % within one day. Its market capitalization is down to $19.53 billion and trading volume to $1.11 billion. The circulating supply of the coin remains 35.27 billion ADA. Despite long-term project developments, ADA is still under price pressure.
USD Coin (USDC) is stable at $0.9999 with no significant alteration. It has a market cap of $60.28 billion and a daily trading volume of $14.04 billion. Its circulating supply is 60.28 billion USD. Similar to USDT, USDC is a safe-haven investment for investors in times of decline.
The global trade tensions caused a steep crypto market downfall. The US raised tariffs on EU imports to 20%, on Japanese products to 26%, and on Chinese products to 34%. Bitcoin fell below $80,000, US stock futures declined more than 5%, and Asian indexes such as Nikkei and Hang Seng fell 6% and 9%.
Volatility increased as risk assets were dumped by investors. Crypto liquidations hit $250 million over 24 hours, the highest since March 7. Bearish technical indicators, such as a "death cross" on BTC charts, further dampened sentiment. Cryptocurrencies, being risk assets followed the losses in traditional markets. Thus, highlighting deep connections between global finance and digital assets.
The crypto market today shows fierce bearish pressure, with Solana and Ethereum at the forefront of the decline. Altcoins such as XRP, ADA, and DOGE saw double-digit drops. Stablecoins such as USDT and USDC held comparatively strong. Some experts believe that the upcoming Trump reciprocal tariffs that would come into effect on April 9, 2025 may be postponed to buy US the time to make replacement trade deals. However, due to the uncertain nature of these events, investors should continue to keep an eye on key support levels and get ready for further volatility.
