Markets crashing: Crypto down 7%, stocks struggling. US trade policy fears and global instability causing panic.
Markets are crashing currently. Crypto has been battered, dropping 7% over the last 24 hours, wiping out approximately $1.48 billion.Bitcoin and Ethereum both saw massive liquidations, with traders who expected prices to rise being forced to sell at a loss. Solana and XRP weren’t safe either, and things are looking shaky with no clear bottom in sight.
It’s not just crypto in trouble. The US stock market is also in trouble. The S&P 500 and Nasdaq dropped, with tech shares like Nvidia, Meta, Amazon, and Tesla leading the declines. Investors are concerned about future earnings reports and the impact of US trade policies, especially with tariffs hanging over the market. February 23 of this year, was a brutal day, wiping out $927 billion in value.
In India too, the Nifty dropped for the sixth day in a row, and the mid-cap shares also took a beating. The Asian markets too dipped, with the Hang Seng Index and China’s CSI 300 both falling, as they felt the pressure of US-China policies.
What’s behind this drop? Rising fears of US tariffs, a potential slowdown globally, and uncertainty on earnings. The market’s on edge, and investors are waiting nervously for some sign of a bounce.
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