The post US Stock Market Sheds $2.5 Trillion, BTC Price Reclaims $88,000 appeared on BitcoinEthereumNews.com.

The broader financial market is shaking up due to concerns ignited by the tariff trade war. This happens as BTC price take a leap back to the older high levels from which it has dropped down. Massive losses have been recorded in the S&P 500 due to the impact of the global tariff strain. Notably, trillions were lost despite the 90-day tariff “pause” authorized by President Donald Trump on April 9, 2025. Trade War Fallout Shreds Tech Stocks According to ‘The Kobeissi Letter,’ an industry-leading commentary platform, about $2.5 Trillion has been lost since President Trump announced the pause. Source: X This loss was likely triggered by investors’ anxiety over delayed trade deals with American allies. For instance, many expected Japan, a notable ally, to reach an agreement with the US swiftly. However, Ryosei Akazawa, Japan’s negotiator, shocked the market by insisting that they “will not just keep conceding” to the U.S. demands and terms. Akazawa maintains that it is not in Japan’s national interest to do so. Besides Japan’s pushback, its Asian neighbors, China, have escalated their rhetoric. Beijing has warned that countries that cooperate with the U.S. to compromise their interests will face consequences. That is, countries like Japan, a U.S. ally, might face retaliatory trade tariffs. This further complicates the already tense situation, as countries either have to side with the U.S. or China. The losses experienced in the global financial sector come from obvious delays in sealing trade deals, which investors anticipated were imminent. It is already 12 days into the 90-day pause, and the expected deals have not materialized. This is causing the earlier rise in stock value to drop as the assets are quickly correcting, having jumped on unrealized assumptions. Data shows that major tech stocks such as Microsoft, Apple, and Nvidia declined in value by…

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Filed under: News - @ April 22, 2025 8:24 pm