The encryption market adds $ 60 billion, as US stocks wipe 1.5 trillion dollars a day
On April 21 – Easter Monday – the markets in all fields took great moves, as the shares generally rose, while cryptocurrencies and gold rose.
In fact, American stocks wiped $ 1.5 trillion of cumulative market value during the day, ending all the main indicators in red.
For example, the S&P 500 decreased by 2.38 % from 5,282.70 points to 5,158.20 points, and NASDAQ decreased by 2.46 % from 18,258 to 17,808.
At the same time, the DJIA industrial average decreased by 2.48 % when the session started at 39142 and ended in 38170. The Raseer 2000 has decreased towards perfection by 2.14 % to 1840, decreasing from 1,880.
Crossed currencies rise with the stock market breakdown
Elsewhere, cryptocurrencies exploded again from their previous style of follow -up shares as the total number of digital assets increased from $ 2.67 trillion to $ 2.73 trillion, adding approximately $ 60 billion on Monday, April 21, according to data recovered from the data Tradingvief On April 22.
Although many Altcoins recorded a gathering during the 24 -hour time frame, part of the total height can be attributed to the strong performance of the main meme currencies such as Fartcoin (Fartcoin) and Dogoin (DOGE), the majority of height owes BTC (BTC).
It seems that the world’s leading cryptocurrency has erupted with its previous tendencies, which witnessed a decrease of $ 75,000 on the opposite winds in the stock market where BTC has risen by 1.16 % in the past 24 hours, and at the time of the press, hands change at 88,524 dollars.
Why the American stocks were shattered on April 21
The market dynamics can be mainly linked to the overall economic certainty arising from the escalating trade war.
Although there is a lot of optimism surrounding the mutual tariff – it is clear from the assembly on the wrong rumors that it will be implemented and official announcement after days – the situation has only deteriorated since then.
Not only the Trump administration does not reveal the results of its demands demanding with various countries, but Japan is already signal There are concessions that you will not make, and that China is constantly increasing with a series of advertisements and Sizes.
Since major American companies rely heavily on global supply chains and international markets, the causes of the bloodbath in the stock market are somewhat intuitive.
Likewise, the Trump administration’s storm administration’s approach to politics, whether it is sudden definitions or the chairman of the Federal Reserve Jerome Powell Names means When he does not do what the president wants, he has a decrease in confidence in US dollars, and thus a sharp decline in the dollar index.
Why does gold and encryption appear flexibility
On the other hand, cryptocurrency currencies are not under pressure from the same factors – although it can still indirectly suffer from traders with a little income available for investment – gold, as a traditional safe haven, growing increasingly attractive.
In fact, it was the largest commodity in the world according to the maximum market that made history because, within 48 hours, it exceeded 3400 dollars, which puts the highest new level (ATH) only to upgrade above $ 3500 after a short period.
Distinctive image via Shutterstock
