Daily Market BriefApr 3, 2025

Daily Market Brief 250403

  • The crypto market plunged as Trump announced his tariff plans. As of now, $BTC is trading at $82,524 and $ETH is trading at $1,795. Bitcoin dominance stands at 62.78%.

  • Trump announced that there will be a 10% baseline tariff effective on April 5th, and reciprocal tariffs going into effect on April 9th. Tariffs will now stand at 54% for China, 90% for Vietnam, 24% for Japan, and 20% for the EU.

  • A few other headlines include: Justin Sun claimed First Digital Trust is insolvent, which led to a short depeg on $FDUSD; former New York Governor and frontrunner for NYC Mayor Andrew Cuomo worked as an advisor to OKX; and DTCC launched a blockchain platform for tokenizing collateral.

  • Over the past 24 hours, the top three gainers were $SAROS, $EOS, and $DEXE, while the top three losers were $FARTCOIN, $NEO, and $SPX.

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