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April 7, 2025

Bitcoin and Major Cryptos Plunge as Bill Ackman Urges Trade Tariff Pause

Bitcoin and major cryptocurrencies faced a significant downturn recently due to rising trade tensions. The market saw BTC and other digital assets drop approximately 20%. Billionaire investor Bill Ackman has called for a 90-day pause on President Trump’s tariffs, suggesting that such measures could stabilize the markets. Investors are wary as these geopolitical issues escalate, leading to increased volatility in the cryptocurrency sector. With BTCUSD trading lower, many are re-evaluating their strategies in light of these developments.

![Bitcoin Market Drop](https://images.financialmodelingprep.com/news/btc-sol-xrp-drop-20-billionaire-bill-ackman-calls-20250407.jpg)

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