AsianFin -- The total cryptocurrency market capitalization has seen a significant 30% drop from its December 2024 peak, falling from $3.9 trillion to $2.7 trillion by April 2025.

This sharp decline comes amid widespread market instability triggered by new tariffs imposed by U.S. President Trump on April 2. The tariffs, which took effect on April 5, include a 34% levy on Chinese goods, 24% on Japanese imports, and 20% on products from the European Union.

This development has sent shockwaves through global markets, including the cryptocurrency sector, with investors adopting a more cautious, risk-averse stance.