Bitcoin and Stocks Plunge; Trump Calls Sell-Off Unintentional

Amid Bitcoin and Stocks Fall, US President Donald Trump believes that he is not intentionally manipulating the market sell-off. Learn more here!

Written by Ritu Lavania

Fact checked by Harsh Chauhan

Published Apr 7, 2025, 01:53 UTC

Why trust CryptoNewsZ?

✓ CryptoNewsZ distinguishes factual reporting from commentary and opinion to help readers understand the nature of the content they are reading.

✓ CryptoNewsZ follows a rigorous Editorial Policy that prioritizes factual accuracy, reliable sourcing, thorough verification, and proper attribution of quotes and media.

✓ Our journalist team ensures that cryptocurrency news and analysis are supported by reliable evidence, relevant context, and careful editorial review.

✓ We follow a comprehensive Review Methodology to evaluate exchanges, reviews, and tools using consistent criteria, thorough research, and transparent assessment practices.

Bitcoin and other cryptocurrencies are plunging as they continue to bear the brunt of the tariff war. However, US President Donald Trump believes that he is not intentionally manipulating the market sell-off.

Amid Bitcoin’s Fall, Trump Says Market Needs Its Medicine

Amid a sharp drop in US stock futures and the crypto market, US President Trump stated in an interview that the market manipulation causing the sell-off is not intentional. He mentioned having discussed tariff issues with European and Asian leaders and expressed his inability to predict market movements. When asked about the market performance, he referred to the market sometimes needing to “take its medicine.”

Note that the consequent plunge is not just limited to the crypto market, but extends to the global economy. For instance, Japanese and South Korean stock markets experienced a sharp decline at opening. The Nikkei 225 Index opened down 1.9% on Monday, and the South Korean KOSPI Index opened down 4.3%.

Earlier, the Nikkei 225 Index and TOPIX Index futures triggered a circuit breaker after a sharp decline, leading to a temporary trading halt.

Meanwhile, Bitcoin fell below $78,000 today and was trading at $77,619. Currently, Bitcoin is valued at $78,425, which is still down by 6.06% in the past 24 hours.

Bitcoin and Stocks Plunge; Trump Calls Sell-Off Unintentional — Courtesy: Coinmarketcap

Ethereum has also gone down by over 12%, to $1,585.8 as other cryptos continue the downtrend.

In fact, the global crypto market cap is $2.48 trillion, which is a 7.45% decrease over the last day.

The total crypto market volume over the last 24 hours is $98.68 billion, reflecting a 128.15% increase. The total volume in DeFi is currently $5.91 billion, 5.99% of the total crypto market 24-hour volume. The volume of all stablecoins is now $92.62 billion, which is 93.86% of the total crypto market 24-hour volume. As both crypto and stock markets react to global tensions, understanding their risk profiles becomes crucial — read this detailed comparison.

Also Read: CZ Shares Investment Tips: Focus on Fundamentals, Long-Term Bets, Invest in Founders with a Mission

Written By Ritu Lavania

Ritu Lavania is a Crypto Journalist at CryptoNewsZ with over three years of experience. She focuses on deep research and clear, honest reporting. She specializes in breaking news and regulatory updates. Ritu tracks how new laws impact the digital asset market. She also follows emerging trends like AI-driven blockchains and Web3 tech. As an active member of the crypto community, she regularly tests new dApps and wallets. Ritu’s goal is to provide fast, easy-to-read news that helps readers stay ahead in the fast-moving crypto world.

Fact Checked By Harsh Chauhan

Harsh Chauhan is a Senior News Editor at CryptoNewsZ. He has spent years reporting on the digital economy. He focused on DeFi, NFTs, AI, and digital asset developments. Harsh has a BBA in Marketing and a Blockchain Foundation certification. He does more than just share news. He uses on-chain data to explain Bitcoin ETFs and tokenized assets. Harsh is also a hands-on user. He has been staking and trading NFTs since 2021. His work helps readers understand a complex market with simple, data-backed facts.

Our Standards and Commitments

Investment disclaimer

CryptoNewsZ publishes cryptocurrency and financial news for informational and educational purposes only. Our content is not investment advice or a recommendation to trade. Crypto markets carry significant risks, so readers should conduct their own research before investing. Read our Investment Disclaimer for details.

Ad Disclosure

CryptoNewsZ is committed to transparency, clearly identifying advertising, sponsored content, and promotional material where applicable. Commercial relationships do not constitute independent editorial endorsements. Visit our Advertise page to learn more.

Editorial Policy

CryptoNewsZ follows editorial standards that prioritize accuracy, credible sources, and accountability. We aim to correct material errors and distinguish factual reporting from opinion. Read our Editorial Policy to learn more about our newsroom practices.