US President Donald Trump, in a statement made following the market downturns, said, “Things are going very well. The markets are going to explode.” In response to a question posed to him, Trump used the following expressions:
“Things are going very well. You have never seen anything like this before. The markets are going to explode. Stocks are going to explode. The country is going to explode.”
Following Trump’s customs tariff decisions yesterday, American stock markets experienced a sharp get dumped. The S&P 500 lost 4.5% today, while the Nasdaq 100 index saw a decline of 4.66%. In the first hour or so after the markets opened, $2 trillion was wiped off American stock markets. Apple experienced its largest daily drop in company history with a loss of $255 billion.
The cryptocurrency market also took its share from this environment. Bitcoin fell below 82 thousand dollars, while Ethereum broke below 1,800 dollars. Deeper declines were observed in other cryptocurrencies.
Published: April 3, 2025 22:32
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