Under duress
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 7th April 2025.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
Don’t invest in crypto unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more.
What’s up
The Green, Green Grass Of Bandwidth
Let the record show that during crypto's spring fling into the ditch there was an AI-abetted bandwidth-monetization project called Grass growing higher and greening up.
The platform's native GRASS token gained about 7% in the past 24 hours, a period in which almost every digital asset is down, and with the total cryptocurrency market capitalization having plunged 11% to $2.5 trillion. GRASS is CoinCecko's 122nd-largest token with a market cap of nearly $500M.
What's down
Digital Assets Assaulted
Bitcoin fell 7.7% over 24 hours, as of 8:15 a.m. (EST), per CoinGecko. The largest crypto was $76,500 when we dared to look just now.
As of Friday evening, following the worst two-day stretch for U.S. stocks since March of 2020, the largest crypto sat in the mid-$80K range. This past weekend, the Trump administration cemented its commitment to a global tariff strategy, stirring further trade war anxiety. Crypto markets finally buckled.
Big-cap altcoins are enduring the brunt of the abuse. The second-largest coin, Ethereum, plunged 17% in the past day. It can no longer claim so as much as a $1,500 handle after reaching $4,000 on Dec. 7. XRP lost 16%. Solana is down 15%. Dogecoin and Cardano are in the same collapsible dinghy.
“There’s no mystery behind the trigger," Charlie Sherry, finance chief at BTC Markets, told Cointelegraph. "Tariff talk has rattled macro markets."
What's next
White House Puts Out Scary, Mixed Signals
The Crypto Fear & Greed Index is flashing "extreme fear" following a sharp crypto market sell-off.
U.S. stocks were poised for another steep drop heading into Monday. The Dow opened down 1,400 points.
Trump's comment to reporters ("sometimes you have to take medicine to fix something") had a chilling effect last night, underscoring the sense that a shocker of a trade war was indeed on. Some kind of cease fire would at least seems plausible, based on various statements made by White House officials.
Kevin Hassett, who is Trump's National Economic Council Director, said yesterday in an interview with ABC News that more than 50 countries have reached out to negotiate fresh trade deals.
Earlier in the week, Treasury Secretary Scott Bessent urged trading partners against taking retaliatory steps, arguing “this is the high end of the number” for tariffs, provided they don't retaliate.
After holding fairly steady at the tail end of last week and remaining even-keeled throughout most of the weekend, crypto market sentiment last night deteriorated quickly, said Decrypt, pointing to alarming volatility in CME futures that suggested a surplus of tension.
