- Donald Trump’s tariff tweetstorm obliterated $490M in crypto, leaving Bitcoin and Ethereum gasping for breath π€.
- As panic spread, the crypto market’s downward spiral mirrored the stock market’s plunge, proving once again that correlation is king π°γ
In a dramatic turn of events, the crypto world found itself caught in the crosshairs of U.S. President Donald Trump’s latest tariff tantrum πγ
With a sweep of his mighty pen, Trump imposed hefty duties on imports, singling out China, Japan, and the EU for special “treatment” ποΈγ
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Stock Market Sell-Off Fans the Flames of Crypto Despair πͺοΈ
The S&P 500 futures lost $2 trillion in market cap in just 15 minutes, dragging down tech giants like Apple (-5.59%), Amazon (-4.50%), and Nvidia (-3.43%) πγ
The crypto market, now more intertwined with traditional stocks than ever, felt the aftershocks. As the stock market tumbled, so did crypto, creating a perfect storm of panic and loss π©οΈγ
In the end, it was clear that real-world policy, not mere speculation, was responsible for the crypto market’s downfall. Trump’s tariffs had sent shockwaves through the global economy, and the crypto world was not immune πγ
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2025-04-03 23:05