From Wall Street to the blockchain, it’s a bloodbath—Bitcoin, altcoins, and global stocks are all plunging like there's no bottom in sight.
Markets around the world are reeling this morning, and the whispers are growing louder: are we witnessing the start of another Black Monday? From Asia to Europe, and now creeping into the U.S. and crypto markets, panic is spreading fast — all thanks to Donald Trump’s surprise global tariff announcement .
Let’s break down what’s happening, why markets are in free fall, and what we might expect when the U.S. trading day kicks off.
What Did Trump Just Announce?
Last week, Trump rolled out what he's calling “Liberation Day” — a bold move to implement sweeping global tariffs, including a 54% tax on Chinese imports. The response from Beijing? Retaliation. China hit back with a 34% levy on all U.S. imports, and any hopes of negotiation seem to have vanished.
Tweet Source: https://x.com/FT/status/1907526246625427964
Trump, now in his second term and once praised as “the first Bitcoin president,” says the tariffs are essential to fix the trade deficit. But inst ead of economic liberation, the markets are calling it something else entirely: a self-inflicted economic meltdown.
How Are Global Markets Reacting?
Asia: Total Carnage
Asian markets were the first to feel the heat . The Shanghai Composite crashed by 7.34%, and the Shenzhen Component tanked by nearly 10%. Japan’s Nikkei dropped 7.8%, while Hong Kong’s Hang Seng nosedived 13.5% — one of its worst sessions in years.
Tweet Source: https://x.com/SiriOfficialX/status/1909130247330558382
Investors in Asia were caught off guard after the post-holiday return, facing a full-blown sell-off with no signs of central bank rescue — yet.
Europe: Panic Selling at the Open
As European markets opened, the fear only deepened. Frankfurt’s DAX index plunged over 9%, with similar scenes playing out in Paris and London. Traders are comparing today’s opening to the COVID crash of 2020 and even the original Black Monday in 1987.
Tweet Source: https://x.com/disclosetv/status/1909149241684947203
Wait — Is Bitcoin & Crypto Crashing Too?
Unfortunately, yes. And it’s ugly.
In the last 24 hours alone, a stagge ring $1.35 billion has been liquidated from the crypto market. Bitcoin dropped below $78,000 last night, down 10% in just a few days. At its January peak — the day Trump was re-inaugurated — Bitcoin was flirting with $110,000.
Tweet Source: https://x.com/WatcherGuru/status/1909158424388211100
Now? Some analysts are saying it could test $70K if panic continues.
This has left crypto fans reeling. Trump had been seen as a pro-crypto ally, appointing favorable regulators and even creating a national Bitcoin reserve. But now? Some in the community are accusing him of “crashing the very market he promised to support.”
Tweet Source: https://x.com/rovercrc/status/1909131378639110258
Are We Heading Into Another Financial Crisis?
It’s starting to feel familiar. Traders are drawing comparisons to the biggest financial disasters in recent memory — Black Monday 1987, the 2008 financial crash, and the pandemic sell-off in 2020.
The global sell-off is so steep, and the fear so widespread, that some are already calling this Black Monday 2.0. U. S. stock futures are down nearl y 5%, and all eyes are on the opening bell on Wall Street.
Tweet Source: https://x.com/PawlowskiMario/status/1909016009060589585
What Happens When U.S. Markets Open?
This is the big question. With fear at a fever pitch and Fear & Greed Index hitting an all-time low, the market is bracing for a brutal day.
Image Source: https://edition.cnn.com/markets/fear-and-greed
Will the Fed or the Treasury step in? Will Trump address the market reaction? Will Bitcoin find support — or continue to slide?
We’re about to find out.
Buckle up! It’s going to be a wild Monday.
