Trump’s Tariff Tantrum Tanks Crypto: 4.3% Plunge in 24 Hours! 🚨

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Ah, the so-called “Economic Nuclear War,” a masterpiece of chaos orchestrated by none other than Donald Trump , the man who turned tariffs into a global panic button. The markets, like a flock of startled pigeons, are scattering in every direction. The S&P 500? Down 1.57%. The EURO STOXX 50? A dismal -3.16%. Even the Nikkei 225 is sulking at -3.93%. And let’s not forget the crypto market, which decided to join the pity party with a 4.3% nosedive. Here’s the tea. 🍵

Bond Yields: The Safe Haven Circus 🎪

Once upon a time, the US 30-year government bonds yield was a modest 4.581%. Then, like a rollercoaster with no brakes, it plummeted to 4.331% on April 4, only to skyrocket to 4.806% by April 9. The 20-year, 10-year, and 5-year bonds followed suit, each trying to outdo the other in this tragicomic race to the top. 🏃‍♂️

BREAKING: 30-year Treasury yield is now above 5%.

— unusual_whales (@unusual_whales) April 9, 2025

But wait, there’s a twist! Today, the yields are playing hard to get, with the 30-year dropping to 4.805%, the 20-year to 4.845%, and the 10-year to 4.335%. Only the 5-year yield, ever the contrarian, decided to rise to 3.975%. Is this a trend shift? Or just another act in the bond market’s never-ending soap opera? 🤔

Crypto’s 4.3% Plunge: A Comedy of Errors 🤡

In the last 24 hours, the crypto market decided to take a swan dive, dropping 4.3%. Bitcoin? Down 2.2%. Ethereum? A whopping 5.6%. XRP, BNB, Solana, TRON, and Dogecoin? All in the red, like a sad emoji parade. 🎭

Bitcoin, the once-mighty king of crypto, started the month at $82,556.42, only to tumble to $82,525 by April 2. It briefly rallied to $83,860, but since April 5, it’s been in freefall, losing over 7.944%. Today, it’s trying to claw its way back, rising from $76,344 to $77,296. Will it recover? Or is this just the calm before another storm? 🌪️

In the end, the bond market’s rising yields are a reflection of the world’s collective anxiety, driving investors to the safety of government securities. This “risk-off” sentiment is a death knell for high-volatility assets like cryptos. But if the bond market’s current trend shift continues, the crypto market might just find its footing again. Or not. Who knows? 🤷‍♂️

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2025-04-09 14:10