Real Vision: Finance & Investing

Bitcoin Crashes, Stocks Tumble & Trump’s Tariff Threats Shake Markets: PALvatar Market Recap - February 28, 2025

10 snips
Feb 28, 2025
Bitcoin has plunged below $80,000, hitting its worst month since June 2022, while global stocks have also taken a sharp downturn. The S&P 500 has wiped out its yearly gains, and even strong earnings from Nvidia couldn’t uplift the market. Trump’s aggressive tariff announcements on China, Mexico, and Canada are adding to the economic uncertainty. Weak U.S. economic data, including a spike in jobless claims, raises further concerns about inflation. It's a chaotic time for traders and investors navigating this volatile landscape.
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INSIGHT

Bitcoin and Altcoin Performance

  • Bitcoin dropped below $80,000 for the first time since November, marking its worst month since June 2022.
  • Altcoins experienced similar losses but did not underperform Bitcoin.
INSIGHT

Stock Market Downturn

  • Global stocks fell on Friday, adding to US indices' losses from Thursday.
  • The S&P 500 erased its year-to-date gains, with NVIDIA among the worst performers.
INSIGHT

Trump's Tariff Threats

  • Trump confirmed March tariffs on China, Mexico, and Canada, and threatened further tariffs on Chinese imports.
  • This, combined with weak US economic data, worsened investor sentiment.
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