On April 7, 2025, cryptocurrency markets experienced a significant downturn following President Trump’s announcement of new tariffs, leading to widespread selling of risk assets. Dogecoin, a well-known meme coin, fell nearly 10%, trading at approximately $0.145. In contrast, a lesser-known coin called Fartcoin emerged as an anomaly, increasing by approximately 10% and reaching around $0.49. This surge came amidst a broader trend of declines in major cryptocurrencies including Bitcoin, which dropped to about $78,565, a 5% decrease compared to the previous day. Fartcoin is now capturing the attention of investors, particularly as traditional safe-haven assets like gold also fell. The unusual performance of Fartcoin has sparked discussions on social media, illustrating the unpredictable nature of cryptocurrency movements during volatile market conditions. Despite a temporary rise in some digital currencies due to rumors of a potential pause on tariffs, a clarification from the White House labeled these reports as 'fake news', resulting in a loss of those gains and a continued downward trend in most cryptocurrencies.

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