Hi Collette. Sorry to hear about your persimmon tree. It does sound and look like a fungal disease that started in the soil to me, but I'm not 100% sure. Do you see any other symptoms on the stems, trunk or
root crown of the tree?
Is the tree in a location where the soil drains well? Persimmons need well-draining soil.
I would definitely reduce watering. I think you are watering too much now that the tree has been in the ground a couple months.
Water only when the top inch of soil is dry, probably once or twice a week.