Monday meltdown: Markets in chaos

News | Thought leadership | Price predictions

Hi, and welcome to the Cryptopolitan Daily.

The crypto market never sleeps, and neither do we. Whether it’s breaking news, market shifts, or regulatory updates, we’re here to bring you the insights that matter—fast, sharp, and to the point.

Market-moving headlines 🔥

7th April– A Monday the markets will remember. Between April 6 and the early hours of April 7, markets were hit by sharp sell-offs and heightened volatility. Whispers of “Black Monday” spread across X and telegram groups. 

Bitcoin briefly tumbled below the $75,000 mark, a crucial psychological support level, while Ethereum plunged beneath $1,500 — its lowest valuation of 2025. Altcoins suffered a similar fate — facing 10-15% loss in value — retail favourite Solana dropped below 100$ — that is a 61% drop from its year high of 261$.

Data from Coinglass shows that $1.4 billion were liquidated in 24 hours — out of which $1.22 billion were long positions and $201.30 million were short positions.

ETFs narrated a similar tale. Data shows that after two strong weeks of inflows totaling nearly $1 billion, over the past week, the 12 U.S.-listed funds saw a combined $172.89 million in net outflows, snapping the momentum and signaling a shift in investor sentiment.

The crypto market is often criticized for its volatility by the traditional investment lobby, but this time there was a surprising twist — equities took an even brutal hit.

Wall Street just witnessed its sharpest jolt since the early days of the pandemic. The S&P 500 erased $2.4 trillion in market value in a single session—its steepest drop since March 2020. 

Nasdaq plunged 5.97%, in a similar fashion, while the Dow and S&P 500 logged their worst performances since June 2020. The sell-off cut deep, sending a clear signal: risk sentiment is unraveling fast.

The CBOE’s VIX—Wall Street’s go-to gauge for volatility expectations—surged 95% in just five days, underscoring just how spooked the markets have become.

Wall Street’s biggest banks triggered emergency margin calls on Monday, pressuring hedge funds to post more collateral after steep losses across global markets.

Sources across prime brokerages called it the largest wave of margin calls since the COVID crash of early 2020.

Was this the “winning” that was promised–many wondered.

President Trump campaigned on promises of market booms under his leadership—but with current volatility shaking investor confidence, many are now left questioning those claims.

As all of this Turmoil has a simple reason– tariffs.

On April 2—what the administration dubbed “Liberation Day”—Trump unveiled sweeping global reciprocal tariffs. The announcement jolted markets and provoked swift retaliation from key trading partners, including China.

Trump reaffirmed his stance on the tariffs and commented that this was a necessary measure–”a medicine”

What’s Next

This week’s chaos has reignited memories of the infamous crypto crash—when uncertainty ruled the markets and everyone was left asking the same question: Where do we go from here?

As volatility spreads across both traditional finance and digital assets, the coming weeks and months will be absolutely critical. From regulatory shifts to geopolitical responses, every move will matter—and we’ll be right here, breaking it down.

Stay with us for the sharpest insights, hottest takes, and no-nonsense coverage as this story unfolds.

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