As of 2:21 PM IST on April 16, 2025, major cryptocurrencies continued to decline in response to heightened global uncertainty stemming from escalating US-China trade tensions.
Bitcoin (BTC) dropped 2.42% to $83,760, while Ethereum (ETH) shed 3.87% to trade at $1,570. Solana (SOL) also saw a sharp fall of 5.04%, priced at $125.11.
The broader crypto sentiment mirrored the anxiety in global equity markets, which have reacted negatively to US President Donald Trump’s aggressive tariff strategy. Under the new “Fair and Reciprocal Plan,” a 10% baseline tariff has been imposed globally, while key nations like China are facing elevated rates of up to 245% on certain exports. In response, China has issued a strong warning, saying it is “not afraid” of a trade war but prefers dialogue based on equality and mutual respect.
BNB slipped 1.38% to $580.50, adding to the cautious sentiment in the altcoin space.
Despite the market downturn, a few tokens defied the trend. WCT surged 202% to $0.604, becoming the top gainer and most active newly listed coin. ARDR followed with a 112% rise, and GAS was up 29.65%.
On the flip side, newly listed tokens like KERNEL and BIGTIME fell 11.89% and 5.10%, respectively.
The global crypto market appears to be closely tracking macroeconomic developments, particularly the standoff between the US and China. Analysts suggest further clarity or resolution in trade negotiations could help stabilize investor sentiment across asset classes, including digital currencies.
Disclaimer: The above content is for informational purposes only. Cryptocurrency markets are volatile and readers are advised to consult their financial advisors before making any investment decisions.
