Against the backdrop of the widespread market panic due to the “release” tariffs of US President Donald Trump, the cryptocurrency index of fear and greed collapsed to 25 points.
Per day, the indicator fell to level 20 (“extreme fear”).
The corresponding index for the stock market also indicates panic.
On April 3, the American stock market collapsed by $ 1.65 trillion.
Axios warned of the onset of the Third Global Recession. After the Second World War, such events took place twice: the financial crisis of 2008-2009, as well as the pandemic of coronavirus in 2020, noted in the publication.
The tariffs of the “Liberation Day” introduced by Trump, if they remain in force – especially with response measures from the affected countries – can be the third economic shock of a similar scale over the past 17 years.
Recall, on April 3, a theory appeared on the Web that new duties were developed by artificial intelligence.
The Guardian drew attention to the fact that the announcement of the return tariffs against trading partners of the United States will provoke a chain reaction, which can develop into a “world war on the economic front”.
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Source: Cryptocurrency
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