Tuesday's Markets Update (April 8, 2025)

12 Apr 2025 by rate3

The crypto market, which initially showed some resilience, is now in free fall, with even staple coins dropping by 5-10% daily. For example, MATIC (POLY), once one of the major performers, is down almost 70% from its levels just four months ago. ETH is aiming for $1K—a level not seen since the start of the EU war—while BTC continues to tick down, dipping below $80K in a strong bearish pattern.

The storm continued, with the VIX staying above 50—levels not seen since 2020—while all major stock indexes swung wildly, adding to more than $1 Trillion of evaporated wealth as a result of Trump's unorthodox "liberation" cataclysm and reaching a one-year low. This has rendered all lagging economic indicators, which economists use to report on the state of the world economy, obsolete, including March's business optimism index, which has been falling for the past three months.

World's Markets:

- Meanwhile, some EU and Asian markets rebounded after Trump signaled a willingness to negotiate, adding to the confusion.

Commodities and Currencies:

- Oil has shed more than 5%, reaching a four-year low due to global recession expectations.
- This is compounded by the 2-5% decline in prices of major industrial metals such as copper and tin.

The State Of Markets: Chaos reigns as traders all over the world try to second-guess how much of Trump's tariff damage is here to stay for the long term and how much of it is just Trump's way of self-assertion.