<ul><li>The cryptocurrency market is down on April 7, with the total market capitalization dropping by 10% at the peak of the selling to $2.41 trillion.</li><li>Several factors contributed to the dip, including US President Trump's recently announced tariffs, selling in equities and the crypto market, as well as fears of renewed inflation.</li><li>Over $1.4 billion in crypto positions have been liquidated in the last 24 hours, exacerbating the market crash and instilling fear among market participants.</li><li>Over $350 billion has been wiped off the crypto market, with the total market capitalization of all cryptocurrencies dropping by over 13% in three days.</li></ul>

Why is the crypto market down today?

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