Sharp market downturns, which were caused by geopolitical events, macroeconomic disturbances, and President Trump’s tariff policies, occurred on April 7, 2025. This led to the risk-off sentiment during this time period wherein Bitcoin market prices dropped beneath $80,000. Ethereum’s prices subsequently dropped just beneath the $1,500 mark and altcoins around the world saw massive drops in numbers as well. This shocking event in the market led to a loss of $745 million, followed by long liquidations over a period of 24 hours. This polar shift changes the terms of expected bullish trends to bearish ones, while Bitcoin and other currencies give in to macro uncertainties like headwinds blended with risk assets.
Bitcoin (BTC)
Intrinsically under 77,000 marks a record low decline for Bitcoin in 2025. This downfall came after a time when Bitcoin mostly hovered above $80,000 prior to the weekend. The recent trading range bearish downside breakout suggests more price drops in the near future. Even though some analysts previously estimated Bitcoin hitting $100,000 or beyond in 2025, current tariff-fueled market conditions have introduced significant uncertainty. One analyst forecasts April ending for Bitcoin around $76,000-$78,000 and a potential drop to $52,000-$56,000 during summer if trade tensions continue.
Ethereum (ETH)
Ethereum plunged sharply by 20%, crashing under $1,500, a price not observed since October 2023. This steep decline further strengthens the pessimistic outlook on the second-largest cryptocurrency. Losing the $1,800 mark has bolstered the bearish sentiment, with some analysts expecting a retracement towards the $1,000–$1,500 range. Although some long-term bullish estimates expect Ethereum to rise to $5000 or even $6000 by the end of 2025, such severe tariff news has resulted in an immediate market reaction. Ethereum is currently stabilizing above the $1,450 mark with strong resistance at around $1,730.
Solana (SOL)
Easing fears dropped Solana by more than 15%, falling below $100, a price point not reached in 14 months. This Solana dip comes as part of a larger sell-off and concerns of a network default. After strong performance earlier in 2025, the market turmoil and technical issues have Solana investors unsettled. Analysts believe that if Solana does not manage to stay above the crucial $95 support level, further drops towards $80 become more likely.
XRP
XRP took a severe hit of more than 16%, dropping to $1.76, the lowest it has been in five months. This comes after some positive news for XRP, such as a partial victory in the XRP SEC lawsuit and growing interest from institutional investors. The tariff-related selloff in the broader market seems to have overshadowed these benefits, which caused XRP to fall below the critical support of $2. Analysts highlight that if the price struggles to hold above $1.70, a decline towards $1.50 or even $1.00 becomes plausible.
Cardano (ADA)
Another cryptocurrency that saw a significant drop is Cardano (ADA), which decreased by over 15% to approximately $0.54. There is deep bearish sentiment towards Cardano, similar to other cryptocurrencies, alongside the overall market slump. The price is below the 50-day Simple Moving Average and from the descending triangle formation, it could drop even further to $0.40. The short-term prospects for Cardano remain grim because of the approaching death cross, which adds to the bearish fundamentals, as the 50-day Simple Moving Average is closing in on the 200-day Simple Moving Average.
Dogecoin (DOGE)
The price of Dogecoin experienced its most significant decline, dropping over 16% to approximately 0.137. The plunge showcases how volatile and speculative meme coins tend to be during bear markets. After slicing through the 0.18 support, a death cross on the 4-hour chart hints at further downside with a potential target of 0.14. Some analysts still maintain bullish long-term forecasts for Dogecoin; however, the immediate reaction to the tariff news has been overwhelmingly bearish.
Shiba Inu (SHIB)
The meme coin likewise incurred a hefty loss exceeding 10% and is presently hovering around 0.000011. Shiba Inu’s wide exposure to crypto trends and market sentiment makes it a volatile asset. The decline indicates the risk-off environment created by the concerns surrounding tariffs. While some analysts anticipated a possible SHIB rally in 2025, the downturn has certainly taken its toll.
HyperLiquid (HYPE)
HyperLiquid plummeted by approximately 9.76 percent and was trading at roughly $10.26. Being a new and high-performing decentralized exchange, HYPE does not seem to be immune to the wider market sell-off. The current price shows a major decrease from its highest value in December of 2024, which shows how the market downturn impacts new projects.
Qubic
Qubic suffered a 12.7 percent loss and is trading at the one million mark at $0.00000084. Qubic is valuable as a low-cap cryptocurrency but as Qubic faces market corrections, Qubic seems more vulnerable. Qubic’s current price is significantly lower than its all-time high, which indicates the bearish sentiment across the cryptocurrency assets.
Fartcoin
Fartcoin suffered a 16.19 percent decline and is currently trading at the 40-cent mark. Fartcoin is volatile because it is a meme coin and its price is deeply dependent on public sentiments about the market. The price increase has been set back by the recent downward trend in the market.
MARKET OUTLOOK
It is observed that on April 7, 2025, the entire cryptocurrency suffered a price correction due to President Trump’s newly implemented global tariffs. Bitcoin, along with other major altcoins Ethereum, Solana, XRP, Cardano, Dogecoin, and Shiba Inu, suffered from harsh price corrections. Lower and new cap cryptocurrencies such as HyperLiquid, Qubic, and Fartcoin were also extremely impacted negatively. Dominated by the fear and uncertainty, the market changed its cautionary optimism. The short-term outlook further depends on the global economic situation and the trade policies. It is recommended that investors proceed with care and keep a close eye on the markets and the news for possible indicators of a turnaround.
