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The American market is in turmoil: Tesla's shares fell by 32.45%
The stock market is reacting to the new reforms of the Trump administration. The introduction of trade tariffs and reduction of regulations caused massive sell-offs, especially in the technology sector.
Tesla under attack
Tesla shares plunged by 32.45%, which is attributed to overall market uncertainty and possible changes in US regulatory policy.
How will this affect crypto?
Capital overflow: a fall in the stock market may prompt investors to pay attention to cryptocurrencies.
Trump's support: the president previously showed loyalty to the crypto industry.
Volatility: market instability can either push Bitcoin $BTC to rise or cause temporary fluctuations.
Conclusion
If the crisis deepens in the stock market, cryptocurrencies may become a "quiet harbor" for capital.