US Stock Market Crash: The latest developments related to Trump tariffs had a heavy impact on the American markets and a sharp decline was seen on Wall Street. Heavy fall in Wall Street Dow Jones Industrial Average first fell by 771.92 points and finally closed with a fall of 824 points. Nasdaq Composite fell 326.07 points to 22,560.79. The S&P 500 fell 79.72 points to close at 6,829.79.

Why the chaos in the American market?

Analysts believe that uncertainty over tariffs and potential trade tensions increased investor nervousness, leading to widespread selling. Turn towards safe investment: Amidst the huge fall in the stock market, investors turned to safe investment options.

Gold jumped nearly 2 percent to $5,200 an ounce, indicating demand for safe haven. At the same time, in the cryptocurrency market, Bitcoin was seen trading at the level of around $66,000. Uncertainty over tariffs has increased volatility in global financial markets, and investors are currently adopting a cautious stance.

Why uncertainty in the market

The major reason for the latest decline in the American market is believed to be President Donald Trump’s announcement of imposing 15 percent global tariff. The relief and boom that was seen in the market after the decision of the Supreme Court of the United States, was completely overturned by Trump’s new announcement. Investors fear that widespread tariffs will increase prices of imported goods, which could put pressure on inflation and corporate costs. This is the reason why the market sentiment suddenly became negative.

It is being told that Trump has used Section 122 of the Trade Act of 1974 to impose 15 percent global tariff on countries around the world. Crude oil prices have also increased due to increasing tension between America and Iran. West Texas Intermediate (WTI) is trading at $ 66.99 per barrel, up 0.77 percent. Brent Crude rose 0.71 percent to $ 71.16 per barrel. This surge in oil prices may further increase the concern of global inflation, due to which there is a possibility of instability in the stock markets.

Also read: Stock market crashes due to selling of IT shares and global cues; Sensex fell 1100 points, know the reason for the fall

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

There has been a continuous decline in the crypto market for the last few days. The world’s largest and oldest crypto currency Bitcoin is also continuously trading in the red zone. On Thursday, November 20, the price of Bitcoin reached a low of $92,000 in early trading. Investors have lost more than $1 trillion so far due to the ongoing decline since October. There are many reasons behind the decline. The lack of prospects of interest rate cuts by the US government has kept investors from investing in crypto. Apart from this, continuous selling and withdrawal of money from Bitcoin ETF for the last 5 days has increased the pressure on the market. On November 18, Bitcoin broke a 7-month record by reaching trading levels below $90,000. As per today’s price, on November 20, Bitcoin is trading at $92,577.82, Ethereum at $3,035.42 and Solana at $143.71. Ethereum has declined by 21.44% in the last one month. Small investors are now participating less in the market, while big investors are still maintaining confidence. If you want crypto market updates and investment advice, watch the video till the end.

Crypto Price Today: There are often ups and downs in the cryptocurrency market. Today i.e. on 17th November, a decline is being seen in the crypto market. According to various websites providing information about crypto prices, the world’s largest crypto currency Bitcoin is seeing a decline today.

There is a decline of about 6 percent in the last 24 hours. At the same time, if compared with the data of a month ago, this decline has reached about 16 percent. The policies of the US government could be the main factor behind this decline. Let us know what is the price of crypto currency today….

1. Bitcoin

The world’s largest crypto currency Bitcoin was trading at $94,975.06 at around 10:50 am on Monday, November 17. Which shows a decline of 1.12 percent compared to the previous day. Talking about the trading trend of Bitcoin in the last seven days, it has seen a decline of 10.75 percent.

2. Tether

Tether, also known as stable coin, was trading at $0.9993 today. Its prices remained stable.

3. Ethereum

A decline is also being seen in the prices of Ethereum. A decline of 0.92 percent is being seen in the last 24 hours. Today it was trading at $3,180.04.

4. XRP

Today, there is a decline of 0.43 percent in the prices of XRP compared to the last 24 hours. The price of XRP has been recorded at $2.24.

5. BNB

There is also a decline in the prices of BNB crypto currency. It is trading at $933.36. Which is recording a decline of 1.07 percent compared to the last 24 hours.

6. Solana

It is trading at $140.10. Which shows a decline of 1.23 percent.

What is cryptocurrency?

Cryptocurrency, also commonly known as crypto, is a type of digital or virtual currency. Which is used for transactions. Cryptocurrency uses cryptography to secure transactions. Bitcoin, Ethereum, Tether, BNB, Solana are famous cryptocurrencies.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

Read also: Gold Price Today: The shine of gold has faded, the rate reduced so much on November 17, know the latest price of your city.