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07/12 04:50

Dow Jones down 300 points on Trump’s tariff threat

Dow Jones down 300 points on Trump’s tariff threats, Bitcoin reaches new ATH.

Dow Jones fell on Trump’s threats against more countries, tech stocks fared better, while the crypto market saw a bull run.

Stocks are down as Trump once again escalated trade tensions, while crypto is doing great. On Friday, July 11, the Dow Jones was down 286 points, or 0.64%, while the S&P 500 slipped 0.30%. The tech-heavy Nasdaq lost just 0.08% as crypto and tech stocks did relatively better.
Interestingly, Bitcoin (BTC) was much more resilient than the stock market. The token reached a new all-time high for a third day in a row at $118,856, and rallied 4% in 24 hours. Altcoins such as Ethereum (ETH) outperformed, with XRP (XRP), Dogecoin (DOGE), and Cardano (ADA) posting double-digit gains.crypto-news-Donald-Trump-option29-1380x820.webp

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