Trump Tariffs Crash Bitcoin and Stocks. But Presales like Meme Index Can Surv...
Bitcoin ($BTC) now trades at $95K after briefly touching $92K for the first time in three weeks. Out of the 100 top tokens, only four recorded minor 24-hour gains, including $FARTCOIN with an 8% increase (huh). The reason? Investors panic-sell on the back of Trump’s tariff war with Canada and Mexico. The stock market suffered […]
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With Donald Trump’s new reciprocal tariffs set to take effect from tomorrow (April 2), the stage is set for an out-and-out trade war between the biggest economies of the world. Ahead of the tariff deadline – also known as the ‘Liberation Day’ – Trump issued a stern warning that no country would be exempted from the proposed tariffs. Unsurprisingly, this has set off a market-wide sell-off, with stocks of prominent US companies closing in the red on Monday. In this article, we’ll briefly touch upon the most important reasons for the current sideways/downwards sloping market, why....
Trump’s recent intensification of tariff policies and fears of even greater tariffs to come have ignited widespread concern among economists, investors, and policymakers. Unsurprisingly, markets have crashed. Major indices experienced sharp declines: S&P 500 is down 11% over the past month, and the Dow Jones is down 10.6% over the same period. Tech stocks suffered […]
Bitcoin (BTC) and other cryptocurrencies are experiencing renewed selling pressure as escalating trade tensions between the United States and China lead to fresh tariffs on both sides. The largest cryptocurrency dropped to as low as $91,000 on Monday, while major altcoins like Ethereum (ETH) and Solana (SOL) also faced losses. CME Bitcoin Futures Open Interest Drops 4% The most recent installment of tariffs comes after the US enacted a 10% tax on all items from China, leading China to respond with its own tariffs on certain US imports, such as oil and liquefied natural gas, starting....
The market for cryptocurrencies is under heavy stress. Slipping below the $100,000 level, Bitcoin has been battered by economic uncertainty brought on by US President Donald Trump’s new wave of tariffs. Investors are now on edge, observing anxiously as global markets respond to the rising trade tensions. Related Reading: Arkansas Rejects Bitcoin Mining Crackdown Near […]
Ethereum and Solana have bounced back into full recovery mode after Donald Trump agreed to temporarily suspend tariffs on Canada and Mexico, signaling bullish times for meme coins. Since yesterday, $ETH has spiked from $2.5K to $2.7K, and $SOL has rebounded from $183 to $209. Why? Because when global trade tensions ease, traders often feel more confident to invest in riskier assets, like crypto. Further highlighting a bullish market reaction to the news, the Crypto Fear & Greed Index is back in the green zone. Over the past 24 hours, it’s switched from ‘Fear’ to ‘Greed’ territory. As the....