$TRUMP Slams Apple Over India Plans: Ripple Effect Hits Crypto Markets

Tensions Sparked by Apple’s Overseas Expansion

In a sharp public statement on May 15, 2025, former U.S. President Donald Trump criticized Apple CEO Tim Cook for the tech giant’s manufacturing expansion in India. “I don’t want you building in India,” Trump said, raising concerns over shifting U.S. tech production abroad. His remarks sparked immediate reactions across financial and crypto markets.

Market Jitters: Stocks and Crypto React

Following Trump’s comments, Apple’s stock (AAPL) dropped 2.3% to $182.45 within an hour. The crypto market echoed this sentiment, with Bitcoin falling 1.8% to $62,300. Analysts point to strong correlations between tech stocks and crypto assets, suggesting that uncertainty in one can ripple into the other.

Crypto Tokens and Stablecoins in Focus

Tokens like Solana (SOL) also took a hit, falling 2.1% to $138.50. Meanwhile, trading volume for SOL surged 8% to $1.2 billion, indicating increased short-term trading activity. In contrast, traders shifted toward safety, pushing USDT stablecoin inflows up 3% to $500 million.

Technical Indicators Signal Caution

Bitcoin’s Relative Strength Index (RSI) dipped to 42, hinting at a possible oversold bounce. At the same time, Apple’s daily MACD showed a bearish crossover, suggesting more downside pressure for the stock.

Cross-Market Impact Widens

Institutional moves followed, with $200 million pulled from major tech ETFs like QQQ. Crypto-related stocks such as MicroStrategy also slipped 1.5%, while Grayscale’s GBTC saw trading volumes climb 5%, reflecting increased interest during market volatility.

What It Means for Traders

Trump’s statement, while politically charged, has real market consequences. As tech firms face pressure to localize production, crypto traders should watch for supply chain shifts, risk-off trends, and emerging swing trade setups across major tokens and ETFs.

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