On March 10, 2025, both the cryptocurrency and U.S. stock markets experienced significant declines. U.S. equities lost over $1.75 trillion, while the crypto market lost billions and hovered around $2.57 trillion. Several key factors contributed to this market meltdown, including President Donald Trump's tariff announcements and the fear of a global trade war and economic slowdown. In addition, an executive order excluded immediate bitcoin purchases, leading to a drop in the Bitcoin price and significant crypto liquidations. There were also large outflows of investments from the crypto industry, totaling $4.75 billion over four weeks. The hack of Bybit also had a destabilizing effect on crypto markets, resulting in sell-offs and emergency loans. Trump's policies and recession remarks further amplified volatility, with the S&P 500 entering negative year-to-date territory. This decline in both traditional and crypto markets highlights the risks posed by global policy shifts, investor sentiment, and cybersecurity threats in a volatile geopolitical landscape.



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