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The crypto markets are seeing red as global equities tumble amid Trump's global trade war.

It's Monday, April 7, 2025. I'm Christine Lee. This is CoinDest Daily.

The crypto markets sell off going from bad to brutal Monday as Bitcoin pierced the $75,000 level, extending losses

on major tokens to nearly 20%. In the past 24 hours, nearly half of million, mostly long

traders were liquidated with total liquidations coming in at about $1.4 billion, according

to coin glass data. XRP, Solanaana and Doge coins saw sharp declines with

XRP and Seoul dropping over 20% and breaching critical support levels. The market turmoil is

attributed to macroeconomic uncertainties, aggressive liquidations, and recent tariff measures by

U.S. President Donald Trump, prompting investors to seek safe havens.

Traders expect the market decline to continue through the U.S. Open, BTSCEO, Jeff May,

telling CoinDest that historically, crypto markets tend to front-run stock markets over the weekend,

and this morning's Asia market decline seemed to have reinforced this belief.

...