📉 A portion of negative news pushing crypto down:
🚫 The deal to buy TikTok in the US has fallen through due to the introduction of tariffs — Trump.
🚫 China wanted to negotiate with Trump, but it didn't work out. Now China is preparing for a new trade war with the US.
🚫 Trump stated that he will not give in and will not make concessions to China until the trade deficit problem with the US is resolved.
🚫 The Chinese market opened down 10% — the largest one-day collapse in history.
🚫 Jim Cramer predicts a crash in the US stock market similar to the crash of 1987.
🚫 SP500 futures are hitting new lows.
🚫 Trump stated that he has been negotiating with European and Asian leaders regarding customs tariffs. Today, EU trade ministers will approve retaliatory actions against US tariffs (apparently, no agreement was reached).
🚫 The US and Saudi Arabia are preparing a ground operation against the Houthis in Yemen.