Some stock market crashes are so violent that they get their own name. “Black Monday” It is no longer just October 19, 1987, but now also to April 7, 2025 – a day when the markets broke out.
After several days with losses, stocks of shares were given some air yesterday. Thanks to positive messages to the trade tariffs, the Nasdaq and the S&P 500 closed. Two hours after the opening of the US exchange were both indices Three percent higher.
Good news from South Korea
The European and Asian stock exchanges also started the day in a friendly manner on April 8th. The Japanese Nikkei index closed with a profit of 6 %. After a catastrophic week’s beginning, the market recovered as a result of a trade agreement between the USA and South Korea. The share prices reacted positively to the following words from President Trump “X”:
“I just had a great telephone conversation with the incumbent president of South Korea. We talked about their enormous and non-sustainable trade surplus, import tariffs, shipbuilding, extensive LNG purchases from the USA, their joint venture in an Alaska pipeline and the payment for our military protection.”
In an interview with CNBC, US Finance Minister Scott Bessent explained the latest trade measures. In his view, President Trump has a firm grip on negotiations with different countries. Bessent described the fact that China chose the escalation as a “big mistake”.
Weakening cryptoma markets
For the Cryptoma market it looked less optimistic. Although Bitcoin initially countered the negative market mood, the course ultimately fell back to $ 78,000. On Wednesday morning it was $ 76,000. The annual low of $ 75,000 is within reach. If BTC falls under this brand, the forecast of a prominent crypto -analyst would be obsolete.
However, the euphoria of the stock markets did not last long. Around 4:00 p.m., the Trump government announced a further increase in tariffs to Chinese products by 50 %. This increased the total tariff to 104 %.
Both stocks and cryptocurrencies reacted with loss of price. The Bitcoin course fell 7 %within a few hours. According to Coingecko data, BTC has lost almost 8 % of value in the past seven days. The NASDAQ index dropped by over 12 %in the same period.
Is there a correlation between crypto and stocks?
According to the Morningstar analysis house, there is only a low correlation between cryptocurrencies and stocks. However, a stronger connection in volatile and nervous market phases can be observed.
Not all analysts match Morningstar. This is how the Australian investor Miles sees Germans A historical correlation between cryptocurrencies and technology values.
Diagrams show that BTC is still 14 % above the level of the US presidential election in November 2024. The S&P 500, on the other hand, has lost over 12 %since Trump’s announcement of customs measures.