Crypto News: Ackman Demands 90-Day Trump Tariff Pause as $1.36B Crypto Market Crash Hits BTC, XRP, SOL

The crypto market crash has returned with full force as Bitcoin, Solana, and XRP plunged over 20% within 24 hours. This plunge happened due to the Trump tariff. Billionaire investor Bill Ackman called on the Trump administration to halt its trade policies, warning of economic collapse. With over $1.3 billion in crypto liquidation, markets are triggering a selloff. As panic spreads, traders are exiting risk assets, and technical breakdowns across the board are fueling bearish momentum.

Crypto Panic Deepens With Altcoin Market Collapse

Bitcoin’s drop below $75,000 signaled the start of the crypto market crash, with Solana (SOL) falling under $100 and XRP dipping below its 200-day moving average. The overall altcoin collapse has pushed market sentiment deep into fear territory. As both institutional and retail traders left the market, Dogecoin also plummeted to $0.13.

President Trump recently issued a new tariff order that imposes a minimum 10% duty on all imports and a 25% levy on vehicles. This tariff has sparked the economic crisis and sent shockwaves through global equities and cryptocurrency. The resulting crypto liquidation wave has left markets vulnerable, exposing weaknesses in over-leveraged positions and sending a bearish signal across the altcoin collapse landscape.

Liquidations Surge Amid Tariff Fears

Data confirms that the crypto market crash triggered over $1.36 billion in forced crypto liquidation, with Bitcoin longs alone losing more than $392 million. The drop in Bitcoin price was boosted by an increase in sell orders and margin calls. The turmoil was echoed in the U.S. stock futures, with Dow futures falling between 5.5% and 6.2%.

Prominent hedge fund manager Bill Ackman voiced deep concern. He asked the Trump administration to pause the tariffs for 90 days. On X, Bill Ackman expressed concern, stating that the president is losing the confidence of business leaders worldwide, emphasizing that business is ultimately a game of trust.

The country is 100% behind the president on fixing a global system of tariffs that has disadvantaged the country. But, business is a confidence game and confidence depends on trust.

President @realDonaldTrump has elevated the tariff issue to the most important geopolitical…

— Bill Ackman (@BillAckman) April 6, 2025

The altcoin collapse has been breaking technical supports that were holding firm just a week ago. Bitcoin’s next key support lies near $70,000, with analysts warning that if sentiment doesn’t shift, the Bitcoin price could spiral further.

Crypto Market Eyes Recovery Amid Tariff Uncertainty

As the crypto market crash unfolds, traders are comparing the ongoing turmoil to the crypto Black Monday of past years. Investors are shifting their money to safer assets like gold and the Japanese yen out of concern that the economic crisis will last longer. The cryptocurrency industry, meanwhile, is having trouble establishing itself.

According to market analysts, investor sentiment will continue to be unstable unless Trump’s tariff policies are loosened. The current macroeconomic environment, including strict financial policies, trade uncertainty, and a declining Bitcoin price, is risky. If there’s no relief, more crypto liquidation events could unfold.

A policy reversal, or even a tariff pause as suggested by Ackman, could stabilize markets and allow for a bounce. Until then, volatility is expected to dominate, especially an unprecedented altcoin collapse and a global trade outlook.

Final Words: Is Crypto Black Monday Just Beginning?

This crypto market crash is becoming one of the most brutal since 2022, with many calling it another crypto Black Monday. The combo of Trump’s tariff moves and massive crypto liquidation represents a bleak outlook for digital assets in the short term. Traders and investors should prepare for increased volatility, particularly in the price of Bitcoin and the market, until there is some clarity on U.S. trade policy and the macroeconomic environment.

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