BlockBeats News, April 9th, according to SoSoValue data, Trump's "Tit-for-Tat Tariffs" policy took effect today. As a result of this policy, panic spread in the crypto market, with the overall 24-hour decline in the crypto sector ranging from about 3% to 10%. Ethereum (ETH) saw a 24-hour decline of 9.57%, dropping below $1400 at one point, marking its lowest point since March 2023. Bitcoin (BTC) fell by 5.47%, dropping to below $75,000.
In other sectors, the CeFi sector saw a 2.59% decline in the last 24 hours, but LEO Token (LEO) remained relatively strong, rising by 0.87%. The Layer1 sector fell by 4.32%, with Solana (SOL) and Cardano (ADA) dropping by 7.02% and 7.30%, respectively. The Layer2 sector dropped by 6.20%, the DeFi sector by 6.48%, the PayFi sector by 6.67%, and the Meme sector by 7.31%.
The crypto sector index reflecting historical market trends shows that the ssiAI, ssiMeme, and ssiDeFi indices each fell by 7.64%, 7.37%, and 7.30% in the last 24 hours.
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