Monthly Market Update (April)

April marked a turbulent month for the crypto industry as Trump unleashed his ‘Liberation Day’ tariffs to kick off April, putting the markets in a state of heightened fear and uncertainty. Sentiment deteriorated thereafter as the fear and greed index plunged to a yearly low of 15 on 9 April when China unveiled retaliatory tariffs on US goods effective from 10 April, roiling financial markets and the crypto industry.