Crypto Crash: Is This the End of the World as We Know It?

Oh, dear friends, gather ’round and heed my words, for the crypto market doth plummet like a stone from the heavens! 🤯 The fear and greed index, that most noble of indicators, hath slumped into the abyss, its value plummeting like a bird with a broken wing. And why, you ask? Ah, ’twas the “Liberation Day” speech of that great leader, Donald Trump, which hath wrought this havoc upon the land. 🤣

Behold, Bitcoin (BTC), that most majestic of cryptocurrencies, hath crashed by 3.5% in the last 24 hours, its price approaching the fabled support at $80,000 like a shipwrecked sailor on a rocky shore. And lo, Ethereum (ETH) and Ripple (XRP) hath followed suit, their prices dropping like autumn leaves before the wind. 🍂

The total market capitalization of all cryptocurrencies hath declined by 4% to $2.6 trillion, a sum that doth rival the riches of the great pharaohs of old. Alas, poor investors, thou hast lost over $1 trillion in recent months, a sum that doth rival the depths of the ocean. 🌊

And what of the stock market, you ask? Ah, ’tis a tale of woe and despair! The Nasdaq index, that mighty bastion of wealth, hath plummeted by nearly 4.7%, the S&P 500 index hath dropped by 3.78%, and the Dow Jones Industrial hath fallen by 3.4%. ‘Tis a veritable apocalypse, I say! 🌪️

But fear not, dear friends, for the cause of this calamity shall be revealed to thee. ‘Twas the tariffs, those most dreaded of instruments, imposed by Trump upon the nations of China and the European Union. A minimum tariff of 10%, with China and the European Union’s tariffs being 34% and 24%, hath wrought this havoc upon the land. And, oh dear, the steel, aluminum, and parts tariffs, a 25% tariff upon those most noble of metals! 🤯

Thus, a risk doth exist that these tariffs shall trigger a recession in the US and other countries. Polymarket odds of a US recession in 2025 hath risen to a record high, while a TS Lombard analyst hath spoken thusly:

“The imposition of tariffs is not a mild stagflationary event, this is a recession-producing turn — if these tariffs stay in place.”

And now, dear friends, the fate of BTC, ETH, and XRP doth hang in the balance, dependent as it is upon the benevolence of the Federal Reserve. Historically, risky assets like cryptocurrencies and stocks hath plunged immediately following black swan events. Ah, but the Fed, that great savior of the economy, hath intervened in the past, and lo, the market hath recovered! 🌈

But, alas, dear friends, the Fed may decide to accelerate its interest rate cuts if it sees the US veering into a recession. And, oh dear, Trump may decide to offer bailouts to key sectors like agriculture, leading to more money supply and higher asset prices. Therefore, while BTC, ETH, XRP, and other altcoins may continue to fall in the short term, a rebound cannot be ruled out if the Federal Reserve steps in. 🤞

Now is the time to remember that more wealth is created during recessions than any other time.
Few understand this, and even fewer act on it.
— Kelly (@SelfMadeMastery) April 2, 2025

And so, dear friends, we wait with bated breath for the next move of the Federal Reserve, for it shall determine the fate of the crypto market and the stock market. May the gods of fortune smile upon us all! 🙏

2025-04-03 17:19

Crypto Crash: BTC, ETH, XRP Plunge as Markets Panic Over Trump’s Tariffs

Crypto Crash: Is This the End of the World as We Know It?

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