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Funmilayo Joy

@fumsky

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155 Followers
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It was a chaotic weekend across the global markets, and crypto wasn’t spared. Here's what happened πŸ‘‡ β€£ The crypto market took a hard hit yesterday as broader financial markets faced rising panic over the newly implemented U.S. trade tariffs. Bitcoin slumped over 6% to a three-week low of $77,700, while Ethereum plunged nearly 12% to $1,575, mirroring steep declines in global equities. β€£ The sell-off came after President Donald Trump's major tariff plan went into effect on Saturday. This plan included a 10% tax on all imports, along with much higher tariffs for certain countries: 34% on goods from China and 20% on goods from the European Union. These actions have sparked fears of a long-lasting trade war and a slowdown in the global economy. β€£ As markets in Asia opened, U.S. stock futures dropped sharply, indicating that there could be major instability when Wall Street opens later today. By late Sunday night: ➺S&P 500 futures were down 5.98% ➺Nasdaq 100 futures dropped 6.2%
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