Cryptocurrency prices fell sharply on April 6 as US stock futures opened lower, following the Trump administration's intensified tariff strategy. Notably, tariffs included 34% on China, 20% on the European Union, and 24% on Japan. Bitcoin declined over 6% to around $77,883, while Ether dropped more than 12%, trading at $1,575. The total crypto market cap decreased by over 8%, reaching $2.5 trillion. Some recovery was observed later, with Bitcoin rebounding to $78,500 and Ether rising to $1,594. The Crypto Fear & Greed Index reported extreme fear at a score of 23, with analysts attributing the drop to reduced liquidity on weekends leading to significant sell-offs. Trump defended the tariffs, suggesting they are necessary to address US trade deficits, despite acknowledging potential market impacts. The S&P 500 futures dropped nearly 4%, and other indices like Nasdaq and Dow Jones saw declines over 8%. Analysts warned that this could signal severe bearish trends in the market, with significant losses recorded over a prolonged period.

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