The U.S. GDP index shocked markets by plunging to -0.3%, far below the expected 2% growth.
Financial markets reacted sharply, with investor confidence shaken across sectors—including crypto. Trump swiftly distanced himself from the downturn, stating, “This is Biden’s stock market, not Trump’s,” implying that the economic instability was inherited and not a result of his return to office.
However, critics pointed to Trump’s renewed push for aggressive tariffs and trade wars as a major source of uncertainty.
These policies disrupted global supply chains and investor sentiment, further rattling markets. In the crypto space, volatility surged as traders weighed the impact of macroeconomic instability and policy unpredictability.
