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Liberation Day's Trump slump 📉
Cryptocurrencies crashed alongside markets following the Trump administration's announcement of global tariffs.
Stephen Graves
April 03, 2025
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📝 What you need to know
Cryptocurrencies plunged Thursday as markets digested the impact of U.S. President Trump’s sweeping tariffs. Bitcoin fell below $82,000, while Solana dropped to a 13-month low—while the President’s own Official Trump meme coin crashed by double digits.
The collapse came as global markets were rattled by the “Liberation Day” tariffs, triggering a broad risk-off move among traders, with the S&P 500 losing more than $2 trillion in market capitalization in just 15 minutes Wednesday.
Meanwhile, U.S. lawmakers zeroed in on Trump’s crypto connections, with Sen. Elizabeth Warren (D-MA) and Rep. Maxine Waters (D-CA) sending a joint letter to the SEC Acting Chair describing the President’s ties to World Liberty Financial, Inc. as an “unprecedented conflict of interest.”
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