Crypto Crashing Today : Chinese Stock Market , Nasdaq , Hang Seng Index, Nifty 50 Plunge

An Ether whale lost 67,570 ETH (around $106M) after being liquidated on the DeFi platform Sky, formerly Maker, due to a 14% ETH price crash. The investor’s collateral ratio dropped below the required 150% to 144%, triggering liquidation. Another whale is close to liquidation after borrowing DAI against 56,995 WETH. ETH has fallen to $1,547, its lowest since October 2023. Over 320,000 traders were liquidated in 24 hours, totaling nearly $1B, mainly from ETH positions.

​On April 7, 2025, Japan’s financial markets experienced significant turmoil. The Nikkei 225 index plummeted by over 2,000 points, dropping below the 32,000 mark—a decline of approximately 6.67%—reaching an 18-month low of 31,527.49. This sharp downturn triggered the Osaka Stock Exchange’s circuit breaker mechanism, resulting in a temporary suspension of Nikkei 225 and Topix futures trading due to excessive volatility.

​On April 7, 2025, the cryptocurrency market experienced a significant downturn following the Trump administration’s announcement of new global tariffs, which heightened investor concerns about a potential global recession. Bitcoin dropped below $80,000, reaching approximately $79,000—a 5% decline over 24 hours—while Ethereum fell 11% to around $1,590. This sell-off led to over $745 million in bullish crypto positions being liquidated within a day. ​

Bitcoin price USD dropped sharply in the last 24 hours as the crypto market reacted to US President Trump’s continued push for restrictive tariffs. Just weeks after a major rally driven by Trump’s new strategic reserve plan, the market reversed, wiping out over half a trillion dollars in value. This sharp decline triggered massive liquidations, with Bitcoin alone facing $250 million in long positions wiped out, according to CoinGlass data.