Financial Market Uproar: Bitcoin and Stocks Rocked on Tariff News!

Updated

April 8, 2025

Gambar Financial Market Uproar: Bitcoin and Stocks Rocked on Tariff News!

Jakarta, Pintu News – Global financial markets have recently experienced significant turmoil, triggered by news of tariffs that may be delayed by the US government. In a short period of time, the Nasdaq index plunged by 5% before eventually returning to its original position. The news was later denied by the White House, but its effect on the markets, including the cryptocurrency market, was inevitable.

Stock Market Dynamics

The stock market experienced a dramatic rollercoaster ride following the unconfirmed news of the US President’s postponement of tariffs. The Nasdaq index, as a tech barometer, briefly plummeted by 5% before reversing to similar gains, and eventually stabilizing again.

This anxiety shows how sensitive the market is to international trade policies. The widely circulated news of the tariff delay was eventually denied by Caroline Leavitt, White House Press Secretary. She called the information “fake news”, which immediately resulted in the recovery of most of the market losses. This emphasizes the importance of accurate and verified information in today’s digital age.

Also Read: XRP Price Prediction: Between Deep Correction and Hopes of Rebound in Crypto Market (8/4/25)

Impact on Cryptocurrencies

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Bitcoin , as the leading crypto asset, is not immune to the effects of stock market turmoil. Bitcoin (BTC) price briefly surged from $74,400 to above $80,000 before declining back to $79,000. Despite this, the currency still recorded a 4.3% decline in the last 24 hours.

Ethereum and Ripple also experienced significant declines. Ethereum (ETH) fell by more than 11%, while Ripple (XRP) fell by 9.3%. These fluctuations show how closely linked the stock market and cryptocurrency market are, as well as the psychological impact economic news can have on investors.

International Response and Hope

Amid market uncertainty, some positive signals emerged from Europe. Ursula von der Leyen, EU Commissioner, expressed Europe’s readiness to negotiate with the US, including offering zero tariffs on industrial goods. This statement gives some hope for the stabilization of transatlantic trade relations.

Meanwhile, the US President revealed that many countries, including Japan, are in talks with the US. Japan is even rumored to be sending a high-level delegation for negotiations. This shows that despite the tensions, there is still room for diplomacy and negotiations that can reduce market uncertainty.

Conclusion

The recent market turmoil reminded everyone of the importance of accurate information and quick responses from policy makers. Although the market has stabilized, the lesson learned is that the financial world is highly dynamic and interconnected, where decisions in one country can have a global impact.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.