⤴️ JPMorgan Raises Recession Risk to 60% Amid Trade Tensions

JPMorgan has increased the probability of a U.S. recession to 60% by 2025 due to President Trump's new tariffs, which are seen as a significant economic shock. The tariffs could raise taxes on U.S. consumers and businesses, leading to declines in stock markets and greater economic uncertainty.

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Musk's net worth has decreased by $130 billion this year, making him the biggest loser among the top 10 richest people in the world, with Buffett being the only gainer.😲

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Ethereum Drops Below $1800

According to HTX market data, Ethereum dropped below $1800, with a 24-hour decrease of 0.52%.

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Bitcoin Volatility Decreases for 7 Consecutive Days, Now Back at 2.52%

According to Coinglass data, Bitcoin's volatility has been declining for 7 consecutive days and has now fallen to 2.52%.

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The US stock market lost $1.1 trillion in value over 44 trading days, roughly equivalent to 38% of the US GDP.

According to The Kobeissi Letter, the US stock market lost $11.1 trillion in value over 44 trading days, roughly equivalent to 38% of the US GDP.

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🗞 April 6, 2025 cryptocurrency news highlights

【Cryptocurrency】
⤴️ JPMorgan Raises Recession Risk to 60% Amid Trade Tensions

【Economy】
The US stock market lost $1.1 trillion in value over 44 trading days, roughly equivalent to 38% of the US GDP.

【Indicators】
Bitcoin Volatility Decreases for 7 Consecutive Days, Now Back at 2.52%

【More】
Musk's net worth has decreased by $130 billion this year, making him the biggest loser among the top 10 richest people in the world, with Buffett being the only gainer.😲

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A whale transferred another 5.385 million FORM to CEX, and a total of 9.385 million FORM has been transferred today💃

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💰 Bitcoin dropped under $80K due to rising U.S.–China trade tensions. Analysts note gold’s strength could hint at a BTC rebound, but short-term pressure remains.

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🚨 Bitcoin further dropped to $78.6K, down 27% from its $107K peak. The decline is driven by investor fear, institutional outflows, market liquidations, and macroeconomic concerns—especially Trump’s tariff policies. Technical indicators suggest more downside ahead.

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Trump on Market Crash: "Sometimes You Have to Take the Medicine" 💊

President Trump responded to the recent financial market crash by saying the downturn is a necessary correction, likening it to taking medicine to fix underlying issues. He denied any intention to cause the sell-off and reaffirmed his focus on addressing the U.S. trade deficit with China before making any trade deals. Trump also noted recent talks with European and Asian leaders about tariffs.

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Bitcoin rebounded and broke through $79,000, now trading at $79,005 & Ethereum has rebounded and broken through $1600, now trading at $1603.💰🔹

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Bitcoin dropped below $78,000 with a 24-hour decrease of 6.42%.‼️💰

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Over $1bn was liquidated in the past 24, including over $865m in long positions, as Bitcoin saw a sharp drop from over $83,000 to below $77,000.

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Cryptocurrency Total Market Cap Has Evaporated Over $1.1 Trillion Since Trump Took Office

According to CoinGecko data, the total cryptocurrency market cap is currently at $2.51 trillion, with a 24-hour decrease of 10.7%.

On the day of the official inauguration of Trump's second term (January 20th), the total cryptocurrency market cap was $3.621 trillion. So far, the cryptocurrency market cap has evaporated by $1.111 trillion.

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Binance founder CZ has been appointed as Strategic Advisor to the Pakistan Crypto Council, aiming to support regulation, education, and crypto adoption.

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🗞 April 7, 2025 cryptocurrency news highlights

【Cryptocurrency】
Cryptocurrency Total Market Cap Has Evaporated Over $1.1 Trillion Since Trump Took Office

【Economy】
Trump on Market Crash: "Sometimes You Have to Take the Medicine" 💊

【Indicators】
Over $1bn was liquidated in the past 24, including over $865m in long positions, as Bitcoin saw a sharp drop from over $83,000 to below $77,000.

【More】
Binance founder CZ has been appointed as Strategic Advisor to the Pakistan Crypto Council, aiming to support regulation, education, and crypto adoption.

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⚖️ EU Plans 25% Tariffs on U.S. Goods; Trump Escalates Trade War with China 🇺🇸🆚🇨🇳🇪🇺

The EU is preparing 25% retaliatory tariffs on select U.S. goods—such as diamonds, poultry, and sausages—effective May 16, with more to follow on December 1. Bourbon, wine, and dairy were excluded to maintain EU unity. In response to global trade tensions, Trump has threatened a 50% tariff on Chinese imports. The announcements triggered sharp drops in U.S. markets, with the Dow falling over 1,200 points amid investor concerns.

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Crypto Markets Wipe Out $1 Trillion as U.S. Tariff War Escalates

Global crypto markets lost $1 trillion in value following heightened U.S. tariff tensions. Bitcoin dropped to $78,000, its lowest in 2025, while smaller tokens saw steeper declines. The sell-off was driven by investor fears over worsening global trade conditions and a broader move away from risk assets.

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Elon Musk Presses Trump to Reverse Tariffs Amid Trade Tensions

Elon Musk urged President Trump to roll back newly announced 50% tariffs on Chinese imports, arguing they would hurt companies like Tesla that depend on global supply chains. Musk also criticized White House trade adviser Peter Navarro and pushed for a U.S.-EU free trade zone. Despite his efforts, Trump proceeded with the tariffs, highlighting a growing divide between the administration and key business leaders.

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