Bitcoin may be on track to skyrocket to $250,000 as early as this year, with major technology companies like Microsoft and Apple stepping into the cryptocurrency arena, according to Cardano blockchain founder Charles Hoskinson.

Bitcoin has dropped 4.1% to $76,550, while Ethereum is down 8.3%, hitting its lowest level since March 2023, as President Donald Trump’s new tariffs on Chinese goods took effect just after midnight Tuesday.

The crypto market plunged on Monday, April 7, as global tariff tensions dampened investor sentiment. Bitcoin dropped over 8% on global exchanges to $76,790 — its lowest this year — while on Indian platforms, it fell nearly 7% to $80,895.

The Pi Network saw a dramatic rebound over the weekend, gaining over 50% in value within 48 hours after hitting an all-time low.

Bitcoin experienced sharp fluctuations following President Donald Trump’s April 2 tariff announcement, initially surging to $88,000 before dropping to $82,000.

Several altcoins and memecoins suffered sharp sell-offs on April 1, with Act I The AI Prophecy (ACT) plunging 58% from $0.19 to $0.08 in under an hour, wiping out $96 million in market cap, according to CoinMarketCap.

BlackRock Chairman and CEO Larry Fink acknowledged in his 2025 annual letter that Bitcoin could challenge the U.S. dollar’s status as the global reserve currency.

Despite a slightly bearish crypto market, several altcoins saw impressive gains on Sunday. FunToken (FUN) led the surge, skyrocketing 101.3% in 24 hours to trade at $0.0063, continuing a week-long rally that has pushed its price up nearly 200%.

Enebeli pursued a degree in Mathematics at the University of Benin, aiming for first-class honours.

The Justice Department has seized approximately $201,400 in cryptocurrency intended to finance Hamas, disrupting an ongoing terrorist funding scheme.