The crypto market is reeling. Bitcoin has plummeted since President Trump announced his tariffs. He most recently unveiled sweeping tariffs on April 2, 2025, sending Bitcoin crashing from $88,000 to below $74,000. Ethereum’s taken an even harder hit, crashing to $1,500 — a staggering 62.5% drop from its cycle peak above $4,000. Altcoins? Many are down 40% or more, with liquidations racking up billions in losses. It’s a bloodbath out there.