This is the reason why:
• The Crypto market dropped by 500 billion USD
• S&P 500 market capitalization lost 1.5 trillion USD
Although we have good news about the "U.S. Strategic Crypto Reserve Fund," macroeconomic policies from Trump are not optimistic for the financial market:
• The decision to impose a 25% tax on Canada and Mexico, raising the tax to 20% on China takes effect today (March 4, 2025).
• Trump halts funding for new arms contracts for Ukraine while easing sanctions on Russia => The risk of igniting WW3.
• The Atlanta Federal Reserve Bank (one of the 12 regional banks in the U.S. Federal Reserve System) revised its Q1 2025 GDP estimate down to -2.8% => Signs of potential economic recession.
🧐 Coming up on March 7, there will be a U.S. Crypto Summit, hoping the market will show more positive changes.