Why did Crypto Assets and US stocks suddenly big dump?

1. He scolded China for "stirring up trouble".
"China suddenly said it would no longer sell rare earths and these key components, trying to monopolize the global supply chain, it's too bad!"
(Rare earth is a key material for chip manufacturing and new energy, and China controls 90% of global production. Now they say they won't sell it, and other countries can't produce anything.)
2. He threatened to "retaliate"
"I want to impose large-scale tariffs on Chinese goods and find other ways to retaliate!"
(Tariff increase, corporate costs soar)
3. He also canceled the meeting.
"Originally, I was supposed to meet with the Chinese leader in two weeks, but now it's no longer necessary!"
(Sino-U.S. relations suddenly cool down, negotiation window closes)
💥 Why did the market suddenly big dump? (Trade war = the fever reducer for risk assets)
1. Afraid of a repeat of "Trade War 2.0"
In 2018, Trump raised tariffs for the first time, Bitcoin experienced a big dump, and the US stock market fell by 20%! Now everyone is afraid of history repeating itself, rushing to sell coins and stocks.
2. Crypto Assets are most afraid of "uncertainty"
Trade war → Corporate costs rise → Economy worsens → Everyone has no money to trade coins
The US dollar will strengthen (safe haven) → Crypto Assets will weaken
3. The chain reaction has just begun.
Now it is just a "verbal threat". If tariffs are truly imposed, the next step may be:
China's countermeasure (not selling more things)
Global supply chain paralysis (factories are shut down due to lack of parts)
The Federal Reserve dares not lower interest rates (inflation may rise due to tariff increases)