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Crypto Daybook Americas: Bitcoin Stays Strong Amid Trump's 'Liberation Day' Market Turbulence

Introduction

U.S. stocks experienced a downturn on Wednesday as investors braced for President Trump's anticipated tariff announcement, which he referred to as 'Liberation Day'.

Context

Trump's tariff promises are included in his 'Liberation Day' initiative, aimed at rectifying years of perceived unfair trade practices.

Developments

In early trading, the Dow Jones Industrial Average dropped by350 points. Concerns about the ambiguity surrounding the tariff details were voiced by analysts. The S&P 500 fell by0.9%, while the Nasdaq Composite saw a decline of1.4%.

Conclusion

As economists express fears that these tariffs could potentially propel the economy into recession and jeopardize international alliances, investor anxiety continues to grow in the market.