Dow Jones down 300 points on Trump’s tariff threats, Bitcoin reaches new ATH
2025-07-11 18:26:30
Main Idea
The Dow Jones fell due to Trump's tariff threats against Canada and Vietnam, while tech stocks and cryptocurrencies showed resilience with notable gains.
Key Points
1. The Dow Jones dropped 286 points (0.64%), the S&P 500 slipped 0.30%, and the Nasdaq lost 0.08% on July 11.
2. Bitcoin (BTC) rallied 4% in 24 hours, and altcoins like Ethereum (ETH), XRP (XRP), Dogecoin (DOGE), and Cardano (ADA) posted double-digit gains.
3. Trump announced a 35% tariff on Canadian goods, though some key industrial goods like oil remain exempt under the USMCA agreement.
4. Trump also proposed a 20% tariff on Vietnamese goods, as Vietnam is a major exporter to the U.S. with a significant trade surplus.
5. Despite market uncertainty from tariff threats, cryptocurrencies like Bitcoin, Ethereum, and Ripple saw a rally.
Description
Dow Jones fell on Trump’s threats against more countries, tech stocks fared better, while the crypto market saw a bull run. Stocks are down as Trump once again escalated trade tensions, while crypto is doing great. On Friday, July 11, the Dow Jones was down 286 points, or 0.64%, while the S&P 500 slipped 0.30%. The tech-heavy Nasdaq lost just 0.08% as crypto and tech stocks did relatively better. Dow Jones Industrial Average heatmap on July 11 | Source: TipRanks Interestingly, Bitcoin (BTC) was ...
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