The announcement of reciprocal tariffs by US President Trump led to a sharp decline in the Nikkei 225 index, impacting global stock and cryptocurrency markets.
Sharp Decline of Nikkei 225
The Nikkei 225 index dropped over 4% following the announcement of US tariffs. Japanese Trade Minister Yoji Muto has established a task force to assess the impact of the situation, advocating for tariff exemptions.
Tariff Effects on Cryptocurrency Market
Current data shows that market indicators signal a decrease in investor sentiment. Bitcoin is trading at $82,999.65, which reflects a 0.61% decrease with a market capitalization of $1.65 trillion. The 24-hour trading volume stands at $34.19 billion, indicating a 36.02% drop.
Conclusion: Global Economic Implications
Historically, tariff shocks trigger global risk-off trends. There are concerns that economic tensions may lead to reduced liquidity for speculative assets, which exacerbates the situation.
The sharp decline of the Nikkei 225 underscores not only the vulnerability of the Japanese market but also the potential global impacts on financial stability.
