Hello everyone and good evening. I hope you're all doing well. It's quite funny how cryptocurrency resonates with the actual economy around us. And it's more evident than ever. Probably in the last few days. My last post was regarding the pause of American tariffs worldwide. The consequences of those tariffs were quite visible to almost everyone. Six more than 6 trillion is have been wiped out of different stock markets in a couple of days. Not to mention the subsequent crypto dump after those stock market crashes. But after that when Donald Trump has announced a temporary pause on these tariffs for 90 days, both the stock market and the crypto market are bouncing back. I personally have seen around 6% to 8% overall gains in different leading cryptocurrencies in the last two days.
So with all those things in mind. Where is everything headed next? I personally think it will be more of the same in the last few months. The whole type of situation has been very frantic and it has always revolved around the mood of one person, the president of the United States. He has been dealing out tariffs whenever he wants, however he wants and in this time of uncertainty, no market. Be it, the stock market or the crypto market will have any confidence. And a market without confidence cannot thrive forward. And that is exactly what had happened. Right now. The market is trending upwards whenever it gets the chance and whenever it has the confirmation that there is no unusual tariff in sight. That's why when they have the 90-day exemption markets have started to reverse instantly and there have been good gains all through the S&P 500, Dow Jones index and also NASDAQ along with our very old cryptocurrencies. But those tires will come back someday and someday they will be implemented and someday people will eventually learn to live with it. They will stay, they just haven't settled yet. And these terrorists will bring the market down quite a lot because of a lot of disruptions throughout the global economy, especially since our current economy is so much intertwined between different countries.
So I would say brace yourselves and prepare for another crash which is imminent. In the long term, these systems will possibly work out for the US, but countries other than that will face some serious challenges to cope up with the new stage of economy in this world. Now what we need to see is how long these countries will actually hold out before launching an all-out trade war against the US and basically isolating them. This is just me talking but things aren't that good looking at the moment.
I also agree with you and I just feel Trump just trying to manipulate the market in this way and in the upcoming days expecting one more crash is quite expected.
Good point, there has been rumors about trump manipulating the market and buying the dip.