NiftyNoon: Blanket American Tariffs Cause Greatest Market Dump in Recent History 💀📉
As a result of last week’s “liberation day” tariffs slapped unilaterally on essentially every country in the world, markets around the globe experiencing significant dips (April 7, 2025)
Nifty Thought:
As a result of last week’s “liberation day” tariffs slapped unilaterally on essentially every country in the world, markets around the globe (including equities and crypto) have experienced significant dips not seen since the COVID pandemic crash. Unlike that panic however, this dump seems to largely have been self inflicted. While tariff proponents argue this is short term pain necessary to negotiate stronger trade agreements for America in the future, most economists agree this tariff plan as it exists today will be extremely destructive to the American economy. It is certainly a dark time for the market. Things will certainly look brighter eventually but the potential solutions to deal with the current situation markets are trapped in look thinner and thinner with each passing day. Nonetheless, there will certainly be buying opportunities in the future for people brave enough to build long positions during a time of increased uncertainty. Stay safe friends.
Highlighted News:
🤝 Trump claims some day people will realize that Tariffs, for the United States of America, are a very beautiful thing:
https://x.com/TrumpDailyPosts/status/1909042814396014883
📉 BlackMonday fears loom as Nasdaq 100 futures plunge >5% at the open:
https://x.com/Schuldensuehner/status/1909025202073157739
ALL TIME HIGH - Bitcoin / Mag 7 Ratio:
https://x.com/matthew_sigel/status/1908237619273584778
Project and Community News:
Chinese stock market falls 10% at open: https://x.com/watcherguru/status/1909056206288695308?s=46
India to negotiate a new and balanced trade deal with the US to avoid President Trump's tariffs: https://x.com/WatcherGuru/status/1908863757339541862
Japan's Nikkei 225 stock futures trading suspended due to circuit breaker: https://x.com/BRICSinfo/status/1909034167897063917
A market crash was not part of President Trump's plan, White House advisor says: https://x.com/WatcherGuru/status/1908914538121936959
Trump, asked about markets, says sometimes you have to take medicine: https://x.com/DeItaone/status/1909021173167301059
Based on the pre-market futures trading levels, the S&P 500 is now down 14% in 3 trading days: https://x.com/punk9059/status/1909015678990082125
Bitcoin Fear and Greed Index is 23 ~ Fear Current price: $75,110: https://x.com/BitcoinFear/status/1908988103605289057
ETH / BTC just hit a new 5-year low - Now 49 ETH for 1 Bitcoin: https://x.com/Tyler_Did_It/status/1908963680173064423
Taiwan stock market trading has officially halted, a circuit breaker triggered: https://x.com/hamptonism/status/1909054379509895587
Wedbush analyst @DivesTech has lowered his $TSLA price target to $315 (from $550): https://x.com/SawyerMerritt/status/1908926942151373034
China announces extra 34% tariffs on US goods: https://x.com/DBNewswire/status/1908099505116925976
You can now long or short $PAXG with up to 5x leverage on Hyperliquid: https://x.com/hyperliquidx/status/190890614276560938m2IncEWm1gJEg
~$100m in bitcoin on @base from @coinbase customers borrowing USDC onchain: https://x.com/jessepollak/status/1908536280356663688?s=46
"Bitcoin is becoming a store of value" - Treasury Secretary Scott Bessent: https://x.com/BTC_Archive/status/1908525140813431136
+50% on the day to 192 BERA floor ($1,080) for Steady Teddys: https://x.com/Tyler_Did_It/status/1908527738228473932
Framework for “Investment Contract” Analysis of Digital Assets, available: https://x.com/SECGov/status/1908546946144297268
Intellex closes its first funding round, securing $2M to build the infrastructure for cross-chain AI interoperability on @NEARProtocol: https://x.com/intellex_xyz/status/1907797470194630717
For the final day of Satflow week, Runes on Satflow are getting an upgrade: https://x.com/satflow_/status/1908211312829874516?s=46
The new Ape Foundation administration will be reviewing all past AIPs to determine which have been fully implemented: https://x.com/apecoin/status/1908549444900995285
ApeCoin NFT staking is migrating to ApeChain on April 15, 2025: https://x.com/apecoin/status/1908188328597373059?s=46
if you've published an nft on @manifoldxyz you can claim $SHAPE right now: https://x.com/shape_l2/status/1908178313757237619?s=46
This chart looks at S&P 500 daily returns vs. BTC daily returns over the past 15 months: https://x.com/punk9059/status/1908258509352820877?s=46
Quick Stats:
👾 Blur ETH Daily Volume: 754 ETH (▲ 60.83%)
🌊 OpenSea ETH Daily Volume: 1,078 ETH (▲ 63.92%)
🟠 BTC : $76,754.99 (▼ 7.13%)
🔷 ETH: $1,483.57 (▼ 16.92%)
🟣 Solana: $99.52 (▼ 15.95%)
🟪 Polygon: $0.16 (▼ 12.60%)
Top NFT Sales:
CryptoPunks #5361: 69.69 ETH
CryptoPunks #9735: 48.60 ETH
CryptoPunks #4478: 42.55 ETH
NFT Daily Winners:
👩🏻 Milady Maker: 2.95 ETH (▲ 0.88%)
🚬 CryptoPunks: 41.75 ETH (► 0.00%)
NFT Daily Losers:
👾 Tensorians: 2.90 SOL (▼ 2.69%)
🐵 NodeMonkes: 0.04 BTC (▼ 3.00%)
🏳🌈 Chromie Squiggles: 4.35 ETH (▼ 3.33%)
😡 Mad Lads: 48.50 SOL (▼ 3.77%)
🦧 Bored Ape Yacht Club: 13.67 ETH (▼ 4.04%)
⛩ Azuki: 2.45 ETH (▼ 5.77%)
🐧 Pudgy Penguins: 8.92 ETH (▼ 6.60%)
🐱 Quantum Cats: 0.04 BTC (▼ 8.18%)
🏴☠ Captainz: 0.61 ETH (▼ 9.91%)
🧦 Bitcoin Puppets: 0.03 BTC (▼ 10.11%)
💼 Ordinal Maxi Biz: 0.02 BTC (▼ 16.18%)
🍭 Mocaverse: 1.80 ETH (▼ 16.70%)
Notes:
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