Trump is causing a stir, the crypto world and US stocks are all going 'crazy'
Folks, there's another big scoop! In the beginning of Trump's second term, the crypto world and US stocks were quite lively, with Bitcoin prices skyrocketing like a rocket, once breaking the 80,000 USD mark. The US stock market was also thriving, with the Dow Jones index reaching 45,000 points, the Nasdaq index surpassing 20,000 points, and the S&P 500 index hitting 6,100 points, everyone was making a fortune, thinking good days were coming.
Who would have thought, as soon as Trump's policies came out, the entire market went haywire! He fluctuated between wanting to strengthen regulation in the crypto space and then supporting new digital currency projects, with policies changing faster than one can change their face. As a result, the prices in the crypto market were like a roller coaster, going up and down. Bitcoin prices suddenly dropped back to around 50,000 USD, and Ethereum also plummeted significantly.
The US stock market was even worse. The Dow Jones index fell like a kite with a broken string, dropping to 36,611.78 points at one point; the Nasdaq index didn't fare much better, dipping below 14,800 points; and the S&P 500 index also fell below 4,900 points. By the close on April 25, the Dow closed at 40,113.50 points, down over 3,300 points compared to when Trump first took office; the Nasdaq closed at 17,382.94 points, with a decline exceeding 10%; and the S&P 500 index also dropped nearly 8%.
Now both the crypto world and the US stock market are in a state of panic, everyone is watching and waiting, not knowing what Trump will do next. However, in the current crypto market, if you want to make money, you have to closely follow the trends, and right now Trump and Solana are the trends, while Conan is Trump’s dog, also a meme of the Solana chain. The community is strong and continues to push forward, there is consensus, currently low market cap, with a lot of growth potential, worth looking into!
