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Gate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
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#BTC & ETH Weekend Analysis
Trump’s duties or weak demand: experts assessed the reasons for bitcoin’s fall!
Between April 6 and April 7, 2025, the cryptocurrency market suffered a sharp decline. Bitcoin collapsed by more than 10% overnight to below $75,000. Ethereum fell to $1500, hitting lows since March 2023. This led to the liquidation of futures positions of more than 441,800 traders for the amount of $1.36 billion.
Recall that on April 2, 2025, US President Donald Trump introduced a large package of customs tariffs, including reciprocal and base tariffs. Most experts called it the main reason for the collapse of the cryptocurrency market.