Crypto Bloodbath Today! What’s Causing Crypto Market Crash?

04-03-2025 By: Sara Sethiya
What Happened in Crypto Today

Breaking Crypto News: Why Crypto is Down Today & Will It Boom in 2025?

Crypto Market Crash: What Happened Today?

The prices of cryptocurrencies crashed, demolishing a percentage of billions, highly expected given the post-expected surge. Investors are left with shocked faces. Today's total global crypto market cap has fallen to $2.77 trillion, in 24 hours down 8.81%.

Trading volume is down by 15.62% in a panic sell-off across the board. The sudden drop has left traders pondering; why is crypto crashing again and when will it recover? 

Bitcoin Takes a Big Hit

Bitcoin ($BTC) has dropped 9.09% to $83,950.82, wiping out recent gains. Its market cap is now down to $1.66 trillion, with dominance falling to 60.09%. The sudden dip comes amid widespread liquidations, with over $1.09 billion lost in a single day. 

Investors were hopeful for a rally, but instead, another crash has shaken the market. Will Bitcoin bounce back, or is this the beginning of a deeper fall?

Cardano ($ADA) Crashes Hard

Cardano ($ADA) saw a sharp decline of 22.69%, dropping to $0.8207 after briefly spiking to $1.1358. The Cardano $ADA crash followed an announcement by Donald Trump about a potential crypto reserve plan. 

The sudden surge led to profit-taking, triggering a massive selloff. Its market cap is now down to $28.89 billion, with trading volume decreasing by 29.62%. This extreme volatility has left traders wondering—was this a bull trap, or will Cardano recover?

Tyler Winklevoss on Bitcoin’s Future

Tyler Winklevoss, co-founder of Gemini, made waves today by claiming that Bitcoin is the only asset worthy of a U.S. strategic crypto reserve. He dismissed other major cryptos like Solana ($SOL), Cardano ($ADA), and XRP, calling them weak alternatives. 

His comments have fueled debates on Bitcoin’s long-term dominance. Meanwhile, Gemini has cleared its SEC investigation, bringing temporary relief amid the broader market crash. But will Bitcoin alone survive this downturn?

Trump’s Tariff Plans Trigger Massive Liquidations

Trump’s proposed tariffs have sparked widespread panic, causing a record-breaking $1.09 billion in liquidations. Bitcoin and altcoins fell by around 10-30%, leading to a total market loss of $460 billion in just 24 hours. 

The average loss was $19.1 billion per hour, making this one of the worst crypto selloffs of 2025. Many investors are asking: is this a temporary market shakeup, or is crypto heading for a deeper decline?

Crypto Fear and Greed Index Hits Extreme Fear

Market sentiment has taken a nosedive, with the Crypto Fear and Greed Index plunging to 15—extreme fear territory. Just last month, the market was in ‘greed’ mode at 60, but today's events have erased confidence. 

Crypto Fear and Greed Index

Fear-driven selling has intensified, leading to massive losses. Many are now wondering: is this just a temporary dip, or will crypto keep falling in the coming days?

Will Crypto Boom in 2025?

The current market crash has left many wondering what’s next for crypto. Extreme fear is gripping the market, but historically, major crashes have been followed by massive recoveries. Some analysts believe Bitcoin and altcoins will bounce back, while others warn of further declines. 

With increasing discussions around strategic crypto reserves and regulatory changes, the next few months will be crucial. Is this the last major dip before a boom, or is the market in for more pain?

Also read: David Sacks’ Shocking Crypto Move Before Joining Government
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