Crypto and Stocks LAUNCH On 90-Day Tariff Pause By Trump
🇺🇸📈 BREAKING: Donald Trump has just announced a 90-day pause on all tariffs, with the exception of China. This has resulted in immediate gains for cryptocurrencies and stock markets as traders FOMO back into markets.
This positive news (albeit a temporary alleviation to a still ongoing issue) follows a false 'buy the rumor, sell the news' event where there was a misreported tariff pause just 48 hours ago on Monday, and more disappointing news of USA's hike to 104% China tariffs on Tuesday.
Fundamentals remain very hazy and hard to rely upon, outside of the crowd's greed and fear working well as a counter-indicator. In these unprecedented times, the market's over reactive nature to any breaking tariff news is the signal to watch.
For the time being, traders who had been buying the dip over the past week have been handsomely rewarded:
📌 Bitcoin has rebounded to $82.6K
📌 Ethereum has rebounded to $1.65K
📌 SP 500 is +8.1% on the day
📌 Nasdaq is +10.0% on the day
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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