🩸Market Update: Sudden Selloff Following U.S.–China Trade Shock
At 14:57 UTC, President Trump announced the cancellation of his scheduled meeting with Chinese officials and unveiled a new round of major tariffs.
The news triggered an immediate wave of risk-off sentiment across global markets. Within 40 minutes, the S&P 500 erased approximately $1.2 trillion in market value, reflecting a sharp investor reaction to renewed trade tensions.
The selloff extended into digital assets as well — Bitcoin fell over 3%, while Ethereum declined nearly 7%, as the broader crypto market followed equities into negative territory.
BNBUSDT
Διην.
837.24
-0.13%
BTCUSDT
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87,481.1
+0.23%