PANews reported on April 7 that according to SoSoValue data, the total market value of the crypto market fell by 8.18% today, and mainstream sectors fell by 4%-12% due to the panic caused by the news of "reciprocal tariffs". ETH plummeted by 11.71%, falling below $1,600, wiping out the gains of 18 months; BTC fell by 5.11%, and once fell below $78,000 during the session. Layer1, Layer2, DeFi, Meme and other sectors fell significantly, with SOL, ADA, and UNI all falling by more than 10%. DeFi and SocialFi indexes fell by 11.26% and 10.27% respectively in 24 hours.