BlockBeats News, April 8th, the US Dollar Index fell to 103.49, gold retreated to $2,982 for a breather, and Bitcoin rebounded to near $79,000. The market heard news that the US President, Trump, is considering a 90-day tariff suspension on multiple countries, initially causing the market to rise. However, the White House later denied this unfounded report.

Bitcoin and US stocks immediately reversed course to a sharp decline, triggering intense volatility once again. Following this, former US President Trump once again took a tough stance and pressured counteracting countries, warning that the US will raise existing tariff rates to 50% on the 9th of this month. This series of news once again ignited market panic.

The cryptocurrency market subsequently experienced intense volatility, with Bitcoin soaring to $81,213 at one point before quickly falling back. As of 9:30 am on April 8th, Bitcoin was trading at around $79,670, while Ethereum was consolidating around $1,574, with short-term trends still being observed.

Within 24 hours, over 446,500 investors were liquidated, with the total amount liquidated across the network reaching a high of $56.8 billion. This collapse, known as the "cryptocurrency version of the Lehman moment," not only shattered the "crypto wealth creation myth" but also exposed the dual risks of leverage speculation and regulatory vacuum.

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