Skip to main content

Featured

Wall Street Stumbles as Trump’s Tariff Threats Rattle Global Markets

U.S. stock markets kicked off the week in the red as renewed trade tensions sparked by former President Donald Trump sent shockwaves through Wall Street. The Dow Jones Industrial Average tumbled over 400 points, while the S&P 500 and Nasdaq Composite dropped 0.8% and 0.9% respectively. The sell-off followed Trump’s announcement of sweeping new tariffs set to take effect on August 1. In a series of public letters posted to social media, Trump warned that countries including Japan, South Korea, South Africa, and Malaysia would face levies ranging from 25% to 40% unless trade agreements are finalized by a self-imposed July 9 deadline. Adding to the market jitters, Trump declared that any nation aligning with the “Anti-American policies of BRICS” would be hit with an additional 10% tariff, escalating tensions with key trading partners like China and India. The tech sector bore the brunt of the downturn, with Tesla shares plunging nearly 7% amid political controversy surrounding CEO Elo...
Post a Comment
Read more

article

Labels

Bitcoin Surges Past $82,000 Following Trump’s Election Victory

 

Bitcoin has reached an unprecedented milestone, soaring above $82,000 for the first time. This surge comes in the wake of President-elect Donald Trump’s victory, which has significantly boosted the prospects of the cryptocurrency market.

Trump’s decisive win has been met with enthusiasm from the digital asset industry, which anticipates a more favorable regulatory environment under his administration. His campaign promises included positioning the U.S. as a leader in the digital asset space, creating a strategic Bitcoin stockpile, and appointing pro-crypto regulators.

The market’s bullish sentiment has not only lifted Bitcoin but also other cryptocurrencies like Dogecoin, which saw a rise due to support from prominent Trump backer Elon Musk. Institutional investors, who had de-risked before the election, are now re-entering the market, adding to the buying pressure.

This historic rise in Bitcoin’s value underscores the growing influence of political events on the cryptocurrency market and highlights the potential for significant shifts in the financial landscape under the new administration.


Labels:

Comments

Post a Comment