- The total global crypto market capitalization stood at $2.42 trillion.
- Bitcoin (BTC) was trading at around $77,164, down 3% over the past day.
- Dalio sounds alarm on looming economic collapse.
The cryptocurrency market turned red on April 9, 2025, as investors reacted to the economic fallout from new US tariffs.
According to CoinMarketCap data, the total global crypto market capitalization stood at $2.42 trillion, marking a 4.21% decline over the past 24 hours.
The fresh round of tariffs announced by former US President Donald Trump came into effect today, unsettling global equity markets and dragging cryptocurrencies lower.
Meanwhile, traditional safe-haven assets like gold saw gains, reflecting a broader risk-off mood among investors.
Trading activity also cooled considerably, with overall crypto market volume down by 36.14% to $123.47 billion.
However, Bitcoin’s dominance edged slightly higher by 0.04%, now accounting for 62.62% of the total crypto market share.
Bitcoin, Ether, and Solana prices today
Bitcoin (BTC) was trading at around $77,164, down 3% over the past day at the time of writing.
Its market capitalization fell to $1.51 trillion, with a 24-hour trading volume of approximately $52.78 billion.
Ether (ETH), the second-largest cryptocurrency by market cap, faced steeper losses.
ETH prices plunged by 5% to $1,483.98. The token’s market capitalization dropped to $174.74 billion, with a trading volume of $25.58 billion over the past day.
Stablecoins remained relatively steady.
Tether (USDT), the world’s most traded stablecoin, was priced at $0.9991, with a market capitalization of $143.88 billion and a 24-hour trading volume of $92.4 billion, providing some stability amid the turbulence.
Solana (SOL) also saw a notable drop. SOL was priced at $105.16, down sharply, with a market capitalization of $54.22 billion and a trading volume of $5.65 billion.
Ray Dalio sounds alarm on looming economic collapse
Ray Dalio, founder of the world’s largest hedge fund, has issued a stark warning about critical shifts underway in the global economic and political landscape.
He pointed to the rapid rise in global debt levels, highlighting the United States’ soaring public debt, which now stands at $36.7 trillion, alongside a widening budget deficit.
Dalio cautioned that these mounting financial pressures could trigger a major economic collapse, potentially leading to a sharp downturn in the stock market. Such a decline, he noted, would also have negative ripple effects on cryptocurrencies like XRP.
Historically, both stocks and cryptocurrencies have moved closely together, as investors often view them as high-risk assets.
His warning comes at a time when global financial markets are already under strain.
On Wednesday, futures linked to the Dow Jones and Nasdaq 100 indices dropped by over 1%, signaling deepening investor anxiety.
Early estimates suggest that U.S. investors have lost more than $10 trillion in recent days.
Amid this, a few coins like LEO, HYPE, IP, FORM, XAUT, PAXG, and ZEC remained positive in the last 24 hours.
Let’s find out more about their price movements.
LEO, HYPE, and IP price today
LEO was up 2% and was trading at $9.16 at the time of writing this report.
Its trading volume was 4.25M with a market cap of $8.46B, according to CoinMarketCap.
HYPE was also up 2% and was trading at $12.32.
Its trading volume was 199.86M with a market cap of $4.11B.
IP was also up 2.5 % and was trading at $4.26.
Its trading volume was 97.46M with a market cap of $1.1B.
FORM, XAUT, PAXG, and ZEC price today
FORM was up 3% and was trading at $2.03 at the time of writing this report.
Its trading volume was 74.5M with a market cap of $774B, according to CoinMarketCap.
XAUT was also up 2% and was trading at $3081.75.
Its trading volume was 29M with a market cap of $760M.
Similarly, PAXG and ZEC were also up 2% and 0.5%, respectively, today.
