Crypto & Finance Weekly: Tariffs Shake the Market

This weekend was not your average lazy crypto weekend. Bitcoin and Ethereum took a serious nosedive, and by the time future markets opened Monday morning (April 7), it already felt like we were in the middle of a storm.

Late Sunday night, Bitcoin dropped below 79K. By Monday’s open, it was sitting at 75K. Ethereum? It crashed below 1,700 on Sunday, and slid even further to under 1,500. That’s a level ETH hasn’t touched since August 2023. The total crypto market lost around 200 billion USDT, with a whopping 150 billion USDT  wiped out in just four hours.

So what triggered the panic?

It seems like a perfect storm:

• February PCE data came in hot, fueling fears that inflation is stickier than expected.
  
• Trump’s new tariff policies, set to kick in April 9, stirred anxiety about global trade tensions and a potential recession.
  
• 450M USDT in liquidations, mostly long positions, just added fuel to the fire.
  
• The crypto-S&P 500 correlation has broken down, which means crypto’s usual fallback safety net just isn’t there anymore.
  

And here’s a fun(?) fact:
There are now zero companies on Earth worth over $3 trillion.
Not long ago, Nvidia was knocking on the door of $4T. Now? That milestone’s vanished.

On X (Twitter), the term “Black Monday” started trending, an eerie nod to October 19, 1987, when US stocks lost nearly 25% in one day. Back then it was a currency war scare. Today, it’s tariffs, inflation, and investor nerves.

To make matters worse for risk assets:

• J.P. Morgan now puts global recession odds at 60%.
  
• Goldman Sachs says there’s a 45% chance of a US recession in the next year.
  
• Polymarket? Even higher at 63%.
  

It’s full risk-off mode now. Everyone’s just watching and waiting.

What’s Coming This Week (April 7–11)

This week is loaded with US economic data, and it’s going to shape how both traditional and crypto markets move.

Major Reports & Fed Speeches (UTC Time)

Monday, April 7

• 19:00 – Consumer Credit (Feb)
  Forecast: $15.5B | Previous: $18.1B
  

Wednesday, April 9

• 14:00 – Wholesale Inventories (Feb)
  Forecast: 0.4% | Previous: 0.8%
  
• 18:00 – FOMC Meeting Minutes (March)
  Always a market mover.
  

Thursday, April 10

• 12:30 – Initial Jobless Claims (April 5)
  Forecast: —
  
• 12:30 – CPI (March)
  Forecast: 0.1% | Previous: 0.2%
  
• 12:30 – CPI YoY
  Forecast: 2.5% | Previous: 2.8%
  
• 12:30 – Core CPI (March)
  Forecast: 0.3% | Previous: 0.2%
  
• 12:30 – Core CPI YoY
  Forecast: 3.0% | Previous: 3.1%
  
• 18:00 – US Federal Budget (March)
  Forecast: — | Previous: $236B
  

Friday, April 11

• 12:30 – PPI (March)
  Forecast: 0.2% | Previous: 0.0%
  
• 12:30 – Core PPI (March)
  Forecast: — | Previous: 0.2%
  
• 12:30 – PPI YoY
  Forecast: — | Previous: 3.2%
  
• 12:30 – Core PPI YoY
  Forecast: — | Previous: 3.3%
  
• 14:00 – Consumer Sentiment (Prelim, April)
  Forecast: 55.0 | Previous: 57.0
  

Keep an eye on CPI and Fed Minutes. Those will likely dictate short-term market direction.

Token Unlocks

Here’s a look at the major token unlocks happening this week. These can affect price action, especially in low-liquidity environments:

MYRIA
April 7, 2025
Unlock Value: 407K USDT (2.39% of Marketcap)
% of Total Supply: 1.35%
Tokens: 677.3M

Jito Labs (JTO)
April 7, 2025
Unlock Value: 17.51M USDT (3.6% of Marketcap)
% of Total Supply: 1.13%
Tokens: 11.31M

Xterio (XTER)
April 8, 2025
Unlock Value: 10M USDT (35.4% of Marketcap)
% of Total Supply: 1%
Tokens: 40M

SAGA
April 9, 2025
Unlock Value: 31.4M USDT (115.6% of Marketcap)
% of Total Supply: 12.6%
Tokens: 133.33M

Movement (MOVE)
April 9, 2025
Unlock Value: 15.33M USDT (2.02% of Marketcap)
% of Total Supply: 0.5%
Tokens: 50M

Cheelee (CHEEL)
April 10, 2025
Unlock Value: 20.64M USDT (4.72% of Marketcap)
% of Total Supply: 0.27%
Tokens: 2.67M

Moca Network (MOCA)
April 11, 2025
Unlock Value: 12.56M USDT (8.33% of Marketcap)
% of Total Supply: 2.04%
Tokens: 180.9M

Axie Infinity (AXS)
April 12, 2025
Unlock Value: 25.15M USDT (6.56% of Marketcap)
% of Total Supply: 3.97%
Tokens: 10.72M

Aptos (APT)
April 12, 2025
Unlock Value: 46.41M USDT (1.86% of Marketcap)
% of Total Supply: 0.99%
Tokens: 11.31M

Circular Protocol (CIRX)
April 12, 2025
Unlock Value: 133.4M USDT (98.5% of Marketcap)
% of Total Supply: 4.45%
Tokens: 44.5B

Final Thoughts

Markets are shaky, emotions are high, and everyone’s looking for clarity. But remember. This article is not financial advice. Always do your own research (DYOR) before making any moves.

Need a starting point? You can DYOR on blog.millionero.com where we break things down simply and cleanly.

When you’re ready to act on your strategy, come trade spot and perpetual futures on Millionero. Our low-fee, regulation-compliant platform is built for both newcomers and serious traders all across Europe.

Stay sharp, stay safe.