Ethereum Plummets Over 6% Amid Trade War Tensions and U.S. Tariff Threats

On April 9th, COINOTAG reported significant fluctuations in the **cryptocurrency market** stemming from geopolitical tensions. The insistence of U.S. President Trump on continuing the **tariff imposition** has triggered a fresh wave of selling among digital assets, leading to a bleak outlook amid ongoing trade conflicts. Notably, **Ethereum** witnessed a sharp decline exceeding 6%, reaching its lowest intraday value since March 2023 before experiencing a minor recovery. Similarly, **Bitcoin**, the foremost cryptocurrency by market capitalization, faced a downturn of over 3%, yet managed to regain some ground shortly after. This recent market activity underscores the profound influence of external economic factors on digital assets, emphasizing the need for investors to stay informed about global developments that may impact **crypto valuations**.