Markets, Bitcoin, Breaking News “Black Monday” is trending on social media platform X as markets proceed to react to the Trump tariff announcement.
“Decoupling” and “safe haven” started for use late final week as bitcoin (BTC) held its personal regardless of the persevering with tumble in inventory markets in response to President Trump’s sweeping tariffs towards U.S. buying and selling companions.
Bitcoin bulls, although, could have spoken too quickly.
With inventory buying and selling closed for the weekend, fearful traders are maybe turning to the 24/7 crypto markets to put bearish bets. In late Sunday afternoon motion, bitcoin is buying and selling simply above $79,000 down 5% from 24 hours in the past.
Other majors are faring far worse, amongst them ether (ETH), decrease by 11% to $1,590 and solana (SOL), down 10% to $107.
The time period “black monday” is trending on X — a reference to Monday October 19, 1987, when the Dow Jones Industrial Average misplaced almost one quarter of its worth in a single session. Back then, the triggering occasion was the threat of a currency war by then Secretary of Treasury James Baker.
Stock index futures open for buying and selling at 10 pm UTC.
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